Rashi Peripherals to form 2 new subsidiaries, acquires RP Tech for ₹1 Lac

Rashi Peripherals Ltd's Board of Directors approved the incorporation of a Wholly Owned Subsidiary (WOS) in India, Rashi Semiconductor Solutions Pvt. Limited, with an investment up to ₹80 crores. They also approved a step-down subsidiary in Singapore, Rashi Semiconductor Solutions Pte. Ltd. Additionally, the Board sanctioned the acquisition of 100% shareholding of 'RP Tech Electronics Limited' from its Promoters for a consideration of ₹1,00,000. This acquisition is a related party transaction and received Audit Committee approval. These strategic moves aim for business alignments, with implementation scheduled within one year.