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Board on Sept 17 to consider NCD private placement and equity/warrants preferential issue to fund acquisition of Tikona Infinet from four existing shareholders. Context: first acquisition step toward broadband scale-up.
Tikona Communication Approves ₹99 Crore Preferential Issue and ₹257 Crore Acquisition
Tikona Communication Approves ₹99 Crore NCDs For Tikona Infinet Stake Purchase
Tikona Communication Approves 62.01% Tikona Infinet Stake For ₹99.22 Crore