Tikona Communication Approves ₹99 Crore Preferential Issue and ₹257 Crore Acquisition

Board approved 1.04 Cr equity at Rs10 and 8.85 Cr warrants at Rs10 via preferential issue, and 90.82% Fusionnet Web buy from SAR for Rs256.84 Cr via 3.2% RNCPS. EGM 28 Oct. Revives deferred preferential raise with SAR-led warrants; second large telecom bet after pending Tikona Infinet deal, consolidating SAR fibre/broadband assets under Tikona. Heavy dilution plus 10-year 3.2% RNCPS redeemable at 3x face adds future payout; RPT needs shareholder nod; funding of redemption, valuation basis undisclosed.