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Board approved sale of entire 90.82% in material subsidiary Fusionnet Web Services, contributing Rs132.73 crore (25.42% FY26 revenue), to subsidiary Tikona Communication for Rs256.84 crore via 10-year 3.2% redeemable preference shares, closing by Dec 31 2026 pending shareholder nod. Context: buyer control acquired Sep 28.
SAR Televenture Cancels Tikona Acquisition After Exchange Approval Delay
SAR Televenture Withdraws Two Proposed Private Company Acquisitions