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Saankhya Labs received a provisional purchase order worth Rs 96.42 crore from NewSpace India Limited (NSIL) to supply and install indigenous Satcom Xponders on marine fishing vessels along India's coastal states.
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.