Acquisition of 51% shareholding by M/s. ATC Asia Pacific, Singapore in M/s. Viom Networks

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to the proposal of M/s. ATC Asia Pacific Singapore for acquisition of 51% of shareholding in M/s. Viom Networks by way of transfer from existing shareholders.

The approval would result in a total foreign direct investment inflow of Rs.5,856.51 crore into the telecom infrastructure of the country which will spur economic growth, besides fostering inclusiveness and equity.

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