Sasken Technologies Limited has informed the Exchange that in continuation to our letter dated 9th November 2024 wherein we have informed your goodselves that the Board of Directors of the Company have considered and approved a proposal to acquire 100% share capital of BORQS International Holding Corp. along with its identified wholly owned subsidiaries (Target entities) either directly or through any of the subsidiaries.Kindly take the same on record.
SASKEN · price
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Sasken Technologies has reiterated to the stock exchange its plan to acquire 100% of the share capital of BORQS International Holding Corp, along with its identified wholly owned subsidiaries. The acquisition will be carried out either directly or through one of Sasken's subsidiaries. This is an update to the company's earlier communication dated 9th November 2024, where the Board first approved the proposal. No financial details such as deal value, timeline, or funding structure have been disclosed in this filing.
This is a confirmation of a previously announced acquisition and is largely informational. Shareholders should watch for follow-up disclosures on deal valuation, funding, and completion timeline, which could influence stock sentiment.