Don't want to miss the best from Business Standard?
For cash consideration of Rs 93 crore
L&T Technology Services has signed a Share Purchase Agreement (SPA) to acquire Graphene Semiconductor Services. The acquisition will also include all its 3 overseas subsidiaries incorporate in namely Singapore, Malaysia and Taiwan. The cost of acquisition is cash consideration of Rs 93 crore payable in tranches - Rs 70 crore upfront payment and Rs 23 crore in form of earn outs and retention pay spread over 3 years.This acquisition will enable L&T Technology Services to strengthen its footprint in VLSI Chip Design and Embedded Software Services.
The transaction will likely be completed by October 2018.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app