Univastu India Proposes $5.1 Million Cambium Assets Acquisition Via UK Subsidiary

Board approved 100% UK subsidiary Univastu UK Ltd (to be formed) and offer for assets of Cambium Networks Ltd (in administration) via it for USD 5.1m cash, with USD 300k non-refundable deposit. First overseas subsidiary and move beyond core metro and specialized EPC into telecom wireless networking via distressed UK asset; outside main line, with promoters noted as interested. Incorporation and deal completion subject to approvals with no timeline; asset scope, funding mix and target financials undisclosed; USD 300k deposit non-refundable if deal fails.