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More news about Rashi Peripherals
21Apr 25
Rashi Peripherals Scraps Planned Acquisition of Satcom Info Tech
Rashi Peripherals Limited (RPTECH) has decided to abandon its previously announced plan to acquire equity shares in Satcom Info Tech Private Limited. The decision was made during a board meeting on April 21, 2025, reversing the approval given on January 13, 2025. The primary reason cited was that the promoter of Satcom did not wish to pursue the transaction. This development marks a significant shift in Rashi Peripherals' strategic plans, and the company has officially communicated this change to the stock exchanges in compliance with SEBI regulations.