Sar Televenture Completes Acquisition of Parametrique Electronic Solutions, Upgrading Subsidiary Status
Sar Televenture Limited has approved the acquisition of 100% equity share capital in Parametrique Electronic Solutions Private Limited (PARA), transitioning PARA from a Step-down Subsidiary to a Wholly Owned Subsidiary. The transaction is part of an internal group restructuring aimed at aligning telecom infrastructure operations directly under Sar Televenture Limited.The acquisition was finalized through the transfer of shares by Fusionnet Web Services Limited (FWSL), which is itself a subsidiary of the company. The purchase price for the equity shares of PARA has been set at Rs. 1,730 per share.
A significant component of the transaction involves the conversion of an outstanding loan into equity. An outstanding loan amount of Rs. 27,04,00,730, payable to Sar Televenture Limited, was converted by Parametrique Electronic Solutions Private Limited’s Board of Directors into 1,56,301 fully paid-up equity shares of PARA. The conversion and allotment were executed at the issue price of Rs. 1,730 per equity share, which includes a face value of Rs. 10 each and a premium of Rs. 1,720 per share.
Sar Televenture Limited is acquiring the entire equity stake in PARA through both this loan conversion and the acquisition from existing shareholders. The company has set an indicative time period for the completion of the acquisition to on or before July 31, 2026.
Profile of Parametrique Electronic Solutions Private Limited
Parametrique Electronic Solutions Private Limited (PARA), incorporated on September 5, 2013, is engaged in the business of providing telecom infrastructure services. The company's financial history across the past three years reflects varying levels of turnover:| Financial Year | Turnover (Rs in Lakhs) |
|---|---|
| FY 2025-26 | 2,249.08 |
| FY 2024-25 | 997.05 |
| FY 2023-24 | 1,514.02 |
SARTELE Stock Price Movement
Sar Televenture Limited shares slipped today by 0.38% to settle at approximately ₹132.50. The stock recorded a traded volume of 38,500 shares during the market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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