# Tejas Networks acquires majority stake in Saankhya Labs

Tejas Networks, a Tata Group company, will acquire a 64.40% stake in semiconductor firm Saankhya Labs for Rs 283.94 crore in an all-cash deal. The initial acquisition is expected to close within 90 days.

- Type: Acquisition
- Announced: 2022-03-30
- Where: Bengaluru, India, India
- Value: $37.5M (283.9M INR)
- Status: announced
- Products: semiconductor products, software defined radios
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Tejas Networks](https://endata.com/companies/30979.md) (acquirer)
- [Saankhya Labs](https://endata.com/companies/61979.md) (target)

## Sources

- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/news/company/corporate-trends/tatas-tejas-acquires-majority-stake-in-semiconductor-firm-saankhya-lab/articleshow/90550180.cms?from=mdr), 2022-03-30: "Tata Group firm Tejas Networks will acquire 64.40 per cent stake in semiconductor firm Saankhya Labs Pvt Ltd for Rs 283.94 crore in an all-cash deal."
- [telecom.economictimes.indiatimes.com](https://telecom.economictimes.indiatimes.com/news/tatas-tejas-network-to-acquire-majority-stake-in-saankhya-labs-for-rs-283-94-crore/90555073), 2022-03-31: "This acquisition shows our continued commitment to expand our wireless product offerings to address the growing market opportunity."
- [prnewswire.com](https://www.prnewswire.com/in/news-releases/tejas-networks-announces-acquisition-of-saankhya-labs-p-ltd-to-enhance-its-wireless-products-offering-880444195.html), 2022-03-31: "This acquisition shows our continued commitment to expand our wireless product offerings to address the growing market opportunity."
- [prnewswire.com](https://www.prnewswire.com/news-releases/tejas-networks-announces-acquisition-of-saankhya-labs-p-ltd-to-enhance-its-wireless-products-offering-301514458.html), 2022-03-31: "This acquisition shows our continued commitment to expand our wireless product offerings to address the growing market opportunity."
- [lightreading.com](https://www.lightreading.com/business-management/tata-s-tejas-networks-to-acquire-majority-stake-in-saankhya-labs), 2022-04-04: "This acquisition shows our continued commitment to expand our wireless product offerings to address the growing market opportunity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.