Tata Sons’ arm Panatone Finvest to buy 43% stake in Tejas Networks for Rs 1850 cr; Tejas stock hits upper circuit - know current share price
Tata Sons subsidiary Panatone Finvest Limited will acquire a 43.3 per cent stake in Tejas Networks, a global optical, broadband and data networking products company, for Rs 1,850 crore. Panatone is Tata Sons' investment arm and also the promoter entity of Tata Communications.
Tejas Networks will utilize the proceeds to invest organically and inorganically in R&D: PTI