Sancode Technologies Acquires 100% Stake in Sancode Semi, Making it a Wholly Owned Subsidiary

Sancode Technologies Ltd. has approved the acquisition of the remaining 0.01% stake in Sancode Semi Private Limited, thereby making it a wholly owned subsidiary. The acquisition was made for a cash consideration of Rs. 10/-. Sancode Semi is a newly incorporated company with a business in semiconductors, integrated circuits, microchips, and electronic components. The acquisition is a related party transaction, with the promoter, Mr. Mihir Deepak Vora, being a director in both companies. The acquisition is expected to enable Sancode Technologies to venture into new avenues and deploy business growth in the semiconductor and microchip business.