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Rashi Peripherals Withdraws Satcom Infotech Purchase Proposal in Wake of Strategic Shift

Updated: April 21, 2025 20:45

Image Source: NDTV Profit
Rashi Peripherals Ltd has opted not to go through with its proposed acquisition of Satcom Infotech, after previous approvals for a ₹14 crore investment. The decision is a strategic rethink, as the firm prioritizes other growth prospects in the cybersecurity space.
 
Key Highlights:
 
✅ Deal Off: Rashi Peripherals originally intended to take a 70% stake in Satcom Infotech, but has now pulled out.
✅ Strategic Reconsideration: The company is reconsidering its expansion plan, possibly seeking new alliances in the cybersecurity space.
✅ Market Reaction: Investors are keeping a close eye on events, with share price action showing wary sentiment.
✅ Future Plans of Satcom: Satcom Infotech can look for other investors or go for standalone operations after cancellation.
✅ Impact on Industry: The move indicates shifting market dynamics, where companies are transforming according to growing cybersecurity needs.
 
With this tactical pullout, Rashi Peripherals will aim to concentrate on other growth directions, making sure that the business is sustainable for the long run.
 
Source: Business Standard, NDTV Profit, DQ Channels

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