Rashi Peripherals to Acquire 70% Stake in Satcom Info Tech for Rs. 136.2053 Million

Rashi Peripherals Ltd. has approved an investment of up to Rs. 14 crores for the acquisition of a 70% stake in Satcom Info Tech Private Limited. The acquisition will be carried out through a Share Purchase Agreement with the promoters/shareholders of Satcom and Satcom itself. Post-acquisition, Satcom will become a subsidiary of Rashi Peripherals. The total purchase consideration for the acquisition of 75,460 equity shares at Rs. 1805/- per share is Rs. 136.2053 million. Satcom is engaged in the business of Distribution of ICT (Cyber Security Products) with a turnover of Rs. 1704.27 million in FY 2024, Rs. 1950.77 million in FY 2023, and Rs. 1180.98 million in FY 2022. The acquired entity has its business presence in India.