Corporate Action16 Apr 2026, 01:42 pm
Rashi Peripherals forms 2 new subs, acquires RP Tech for ₹1 Lac
AI Summary
Rashi Peripherals' Board approved the incorporation of two new subsidiaries: Rashi Semiconductor Solutions Pvt. Limited (a Wholly Owned Subsidiary in India with an investment of up to ₹80 crores) and Rashi Semiconductor Solutions Pte. Ltd. (a step-down subsidiary in Singapore). Additionally, the Board approved the acquisition of 100% shareholding of RP Tech Electronics Limited from its Promoters for a consideration of ₹1 Lacs, with an approved investment of up to ₹10 crores. This acquisition is a Related Party Transaction, for which Audit Committee approval was obtained. These actions are for strategic business alignments.
Key Highlights
- Board approved incorporation of Rashi Semiconductor Solutions Pvt. Ltd. (WOS) in India.
- Investment up to ₹80 Cr approved for the Indian WOS.
- A step-down subsidiary, Rashi Semiconductor Solutions Pte. Ltd., to be formed in Singapore.
- Acquires 100% of RP Tech Electronics from Promoters for ₹1 Lacs.
- RP Tech acquisition is a Related Party Transaction, approved by Audit Committee.