Acquisitions1 Apr 2025, 03:19 am
Suyog Telematics Acquires 95% Stake in Lotus Tele Infra for Rs. 13.5 Crores
AI Summary
Suyog Telematics Limited has executed a Share Purchase Agreement with Lotus Tele Infra Private Limited for the acquisition of 95% of the Equity Share Capital of the Target Company. The transaction, valued at Rs. 13.5 Crores, was completed on March 31, 2025. The acquisition will lead to the acquisition of sites owned by Lotus Tele Infra and will provide Suyog Telematics with a presence in critical Delhi and NCR telecom circles in India, thereby expanding its business operations.
Key Highlights
- Suyog Telematics acquires 95% stake in Lotus Tele Infra for Rs. 13.5 Crores
- The acquisition will provide Suyog Telematics with a presence in Delhi and NCR telecom circles
- Lotus Tele Infra is a Telecom Infrastructure Provider (IP-1 Company)
- The acquisition does not require approval from any governmental or regulatory authority
- The transaction was completed on March 31, 2025