L&T Semiconductor Technologies to acquire SiliConch Systems for Rs 183 crore

NEW DELHI: L&T Semiconductor Technologies Limited (LTSCT), a wholly-owned subsidiary of Larsen & Toubro, has agreed to acquire a 100% stake in Bengaluru-headquartered Siliconch Systems Private Limited for a total of Rs 183 crore.

The deal consists of an upfront amount of Rs 133 crore payable at closing, and a deferred amount of Rs 50 crore payable over four years, subject to closing adjustments and achievement of certain targets and other conditions, according to a regulatory filing by L&T on Tuesday.