Saraswati Commercial India Ltd to Invest Rs. 12.99 Crore in Aditya Infotech Limited's IPO as Anchor Investor

Saraswati Commercial India Ltd, a NBFC company, has agreed to invest Rs. 12.99 crore in Aditya Infotech Limited's Initial Public Offer (IPO) by subscribing to 1,92,588 equity shares at a price of Rs. 675 per share. This investment is being made in the Anchor category. The company has made the payment for the aforesaid investment today and is awaiting confirmation of allocation of the said shares. Aditya Infotech Limited offers a comprehensive range of advanced video security & surveillance products, technologies & solutions for enterprise & consumer segments under its “CP Plus” brand. The total cost of the proposed investment exceeds the threshold specified in Regulation 30(4)(i)(c)(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 i.e. 2% of net worth, as per the last audited consolidated financial statements of the Company.