Page 2 - Tejas Networks
Tejas Networks up 5% as co to acquire 64% stake in Saankhya Labs
The company has signed definitive agreement to acquire 64.4 per cent stake of Saankhya Labs Private Ltd for Rs 283.94 crore in cash
 "Tejas Networks up 5% as co to acquire 64% stake in Saankhya Labs")
These two beaten-down Tata Group stocks freeze at 5% upper circuit
Nelco was locked in the upper circuit at Rs 637.10 and Tejas Networks was frozen at Rs 384.90 on the BSE.
 "These two beaten-down Tata Group stocks freeze at 5% upper circuit")
Tata Group firms make open offer to acquire 26% stake in Tejas Networks
Tata Group firms on Friday made open offer to acquire upto 26 per cent stake in domestic telecom gear firm Tejas Networks for around Rs 1,038 crore
 "Tata Group firms make open offer to acquire 26% stake in Tejas Networks")
Tejas Networks hits 5% upper circuit for 4th day on order win from Airtel
Tejas Networks, on September 23, announced that it has been selected by Bharti Airtel to enhance the company's optical network capacity in key metropolitan markets
 "Tejas Networks hits 5% upper circuit for 4th day on order win from Airtel")
Tata Sons' arm Panatone Finvest acquires 8% stake in Tejas Networks
The shares were bought at an average price of Rs 258, aggregating the transaction size to Rs 193.5 crore
 "Tata Sons' arm Panatone Finvest acquires 8% stake in Tejas Networks")
Tata Sons subsidiary to buy 43.3% stake in Tejas Networks for Rs 1,850 cr
Tejas Networks said Panatone and some other companies of the Tata Group would make a public announcement to acquire up to 40.3 million equity shares of Tejas Networks
 "Tata Sons subsidiary to buy 43.3% stake in Tejas Networks for Rs 1,850 cr")
Tejas Networks hits upper circuit as Tata Sons arm to buy controlling stake
Panatone Finvest Limited, a subsidiary of Tata Sons, will buy a 43.3 per cent stake in the telecom related services firm for Rs 1,850 crore
Tejas Networks gains 10% on government nod to PLI scheme for telecom sector
The PLI scheme for telecom gear will lead to an incremental production of around Rs 2.4 trillion, with exports of around Rs 2 trillion in the next five years
 "Tejas Networks gains 10% on government nod to PLI scheme for telecom sector")
Tejas Networks hits 5% upper circuit on $13 million order win
The company has received a purchase order of $13 million from a leading telecommunications service provider in South East Asia
 "Tejas Networks hits 5% upper circuit on $13 million order win")
Tejas Networks bags $13 mn order for installation of broadband products
Tejas Networks said it has bagged an order worth $13 million from a telecommunications service provider in South East Asia for supply and installation of its broadband products
Tejas Networks bags Rs 66 cr order from L&T Construction; stock surges 5%
The company said it has bagged orders for Indian Defence Network Project from L&T Construction.
 "Tejas Networks bags Rs 66 cr order from L&T Construction; stock surges 5%")
Tejas Networks surges 10% on strategic pact with Bharat Electronics
Tejas Networks has received purchase orders totalling over Rs 60 crore from BEL, towards supply and services of its optical and data networking equipment for various projects won by BEL.
Tejas Networks plunges 14% to hit record low on weak June quarter results
The company reported a sharp 87 per cent drop in its consolidated net profit at Rs 6 crore in June quarter, due to weak revenue on deferment of spending on government projects.
 "Tejas Networks plunges 14% to hit record low on weak June quarter results")
Tejas Networks sees domestic market growing faster for it than exports
According to a report by research firm Ovum, this country is expected to be a $1 billion per year optical network equipment market by 2022
 "Tejas Networks sees domestic market growing faster for it than exports")
Tejas Networks completes deployment of GPON equipment; stock surges 11%
The stock rallied 11% to Rs 472 on BSE after the company successfully completed GPON equipment installations in over 40,000 gram panchayats in India as part of the BharatNet Phase-1 project.
 "Tejas Networks completes deployment of GPON equipment; stock surges 11%")
Tejas Networks gains after Abu Dhabi Investment, Amansa Holdings buy stake
The stock was up 4% to Rs 274 on the National Stock Exchange in early morning trade.
Tejas Networks IPO gets lukewarm response; oversubscribed just 1.9 times
Telecom networking products company Tejas Networks received cold response for its initial public offering (IPO) as it was subscribed just 1.9 times. The wealthy investor portion of the issue remained undersubscribed at 50 per cent. The institutional and retail investor quota garnered 2.2 and three times subscription respectively. Market players said the lukewarm response from high net worth investors (HNIs) could mean the investors were not excepting good listing day returns.Tejas Networks' IPO comprised of fresh equity issuance of Rs 450 crore and offer sale by existing shareholders of Rs 327 crore. The OFS portion was around 14 per cent of the post issue paid up capital. Part of the fresh issue proceeds (Rs 303 crore) will be used for working capital and the remaining will be deployed for capital expenditure towards payment of salaries and wages.Tejas will be the first company in optical networking equipment to list on domestic bourses. At the top end of the price band, the company .
 "Tejas Networks IPO gets lukewarm response; oversubscribed just 1.9 times")
Tejas Networks: Strong growth prospects, premium valuations
Prices could have been more attractive, due to weak financials
 "Tejas Networks: Strong growth prospects, premium valuations")
Tejas IPO will offer exits to Desh Deshpande, Mayfield, Intel Capital
Tejas builds equipment that allows high speed data on optical fibre networks
Tejas Networks files IPO papers with Sebi
The company plans to raise about Rs 150 crore by selling 60 lakh shares ahead of the IPO
 "Tejas Networks files IPO papers with Sebi")
