Tikona Communication Limited (formerly known as Grand Foundry Limited) announced that its Board of Directors approved the acquisition of a 62.01% equity stake in Tikona Infinet Private Limited by executing a Securities Purchase Agreement. The total consideration for acquiring 1,27,89,817 equity shares is set at INR 99,22,00,380, which will be discharged through the issuance of Non-Convertible Debentures (NCDs).

The formal notice details that the acquisition involves purchasing shares from existing shareholders of Tikona Infinet Private Limited without triggering related-party transaction rules. The transaction is projected to be completed by March 31, 2027, subject to customary closing conditions. Tikona Infinet reported a turnover of INR 218.86 Crores for the financial year ended March 31, 2025, showing strong revenue scaling compared to INR 175.22 Crores in FY24 and INR 190.60 Crores in FY23.

Tikona Communication Limited recently underwent a major corporate rebranding from Grand Foundry Limited following a controlling stake acquisition of 70.17% by SAR Televenture Limited in July 2026. Under its newly appointed leadership, including Managing Director Deepak Chaudhary, the company has pivoted away from its legacy manufacturing identity to focus heavily on the telecommunications, broadband, and digital connectivity infrastructure sector. To support this aggressive transition, shareholders previously approved massive borrowing and asset-charging headroom limits of up to INR 3,000 Crores.

Following the acquisition announcement, the company scheduled subsequent board meetings to finalize debt instruments and capital-raising pathways via NCDs. While specific quarterly financial results and formal promoter shareholding list updates for the latest period continue to integrate into the newly transformed corporate structure, market traction has heavily followed SAR Televenture’s takeover and subsequent consolidation of telecom assets under the flagship Tikona brand.