News

Surana Telecom offloads 10% stake in Surana Infotech

The company has received sale consideration of Rs 7.59 crore

Surana Telecom & Power has sold 10% equity shares held in Surana Infotech to Mis. Tapaz Info Parks Holdings, Singapore on May 18, 2022 and against which the company has received sale consideration of Rs 7.59 crore. Earlier, the company had executed Share Purchase agreement (SPA) to sell equity stake in Surana Infotech.

Surana Telecom & Power was engaged in the business of manufacturing of petro products such as petroleum jelly and telecom products such as jointing kits.