Tikona Communication Approves 62.01% Tikona Infinet Stake For ₹99.22 Crore

Board approved acquisition of 62.01% in Tikona Infinet Pvt Ltd for Rs 99.22 Cr via NCDs. Target in telecom broadband with FY25 turnover Rs 218.86 Cr; completion by Mar 31 2027. First large telecom acquisition under SAR control, a step change from tiny leasing base; advances stated broadband expansion and cements post-rename telecom pivot. NCD-funded deal adds leverage; NCD terms, sellers and valuation basis undisclosed. Completion subject to SPA by Mar 2027; integration and cash conversion remain key.