New Delhi : Tejas Networks, a telecom and network firm, on Thursday said an arm of Tata Sons will acquire controlling stake in it for nearly Rs 1,890 crore in a multi-step deal. The company has executed definitive agreements with Panatone Finvest, a subsidiary of Tata Sons (Tata group holding firm), it said in a … Read more
AGC Networks’ wholly owned Subsidiary — AGC Networks Pte in Singapore and Black Box Corporation have entered into a definitive merger agreement under which AGC Singapore would acquire all the outstanding shares of Black Box for $1.08 per share in cash. The Black Box Board of Directors unanimously approved the merger agreement following a thorough … Read more
Sterlite Technologies will develop and deliver software-enabled programmable solutions using Red Hat’s portfolio of open, enterprise-grade technologies. The solutions will enable communication service providers, enterprises and citizen networks to realise the full potential of web-scale Network Function Virtualisation Infrastructure (NFVI) platform, for their network automation and Software Defined Network (SDN) initiatives. Given the volume and … Read more
Tejas Networks has received a purchase order of Rs 111 crore for Indian Navy’s country wide next generation digital communications network from Sterlite Technologies, a global data network solutions company. As a part of this order, the company will supply its state-of-the-art terabit capacity DWDM systems and high-performance Layer-3 Multi Gigabit Ethernet switches, for this pan-India network. … Read more
Den Networks has received an approval for raising of funds up to Rs Rs 2045 crore by way of creating, offering, issuing and allotting, in one or more tranches (Proposed Preferential Allotment) 28,14,48,000 equity shares of face value Rs 10 each of the company at an issue price of Rs 72.66 per equity share on … Read more
Den Networks is planning to raise funds inter alia by issuance of equity shares through one or more methods including further public issue / ADR / GDR / qualified institutions placement / preferential issue. The meeting of the Board of Directors of the company is scheduled to be held on October 17, 2018, to consider … Read more
In terms of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, IL&FS Transportation Networks has informed about the revised ratings issued by ICRA Ratings on the various instruments of the Company. The above information is a part of company’s filings submitted to BSE. Bhupendra Singh ChundawatBhupendra Singh Chundawat is a seasoned technology journalist with over … Read more
