SAR Televenture to acquire Tikona Infinet for Rs 669 cr in cash, stock deal

Network infrastructure company SAR Televenture on Monday announced that it will acquire internet service provider Tikona Infinet for Rs 669 crore in a cash and stock deal.

The two parties have entered into an agreement under which SAR will acquire a 91 per cent stake in Tikona for Rs 669.04 crore in cash and stock deal, a statement said.

Tikona Infinet will become a significant subsidiary of SAR Televenture and Tikona shareholders will get SAR Televenture shares.