Rashi Peripherals Limited has informed the Exchange about General Updates
RPTECH · price
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Rashi Peripherals' board approved three strategic moves. First, it will set up a wholly-owned subsidiary called Rashi Semiconductor Solutions Pvt. Limited in India with an investment of up to Rs. 80 crores. Second, a step-down subsidiary will be created in Singapore under this WOS, named Rashi Semiconductor Solutions Pte. Ltd. Third, the company will acquire 100% of RP Tech Electronics Limited from its Promoters for Rs. 1 lakh (Rs. 10 per share), with additional investment of up to Rs. 10 crores. The acquisition of RP Tech Electronics is a related party transaction and has received Audit Committee approval. Implementation timeline is one year.
The company is expanding into semiconductor business through new subsidiaries, signaling diversification beyond its current peripherals business. The related party acquisition and significant Rs. 80 crore investment in the WOS indicates strategic intent but requires monitoring for execution risks and ROI.