Univastu India Limited (UNIVASTU)
Outcome of Board Meeting
Board approved incorporation of wholly owned UK subsidiary 'Univastu Networks Limited' for acquisition of assets of Cambium Networks Ltd (in administration). The subsidiary will be 100% owned by Univastu India Limited. Consideration is cash subscription of 39,00,000 GBP for 39,00,00,000 equity shares. No RBI prior approval required under automatic route. Incorporation subject to regulatory approvals. Promoters interested; transactions at arm's length.
Source: Original filing PDF
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Revenue: ₹2,35,800 Cr (+12% YoY)
PAT: ₹19,200 Cr (+17% YoY)
EBITDA margin: 16.8%
Board declared ₹10/share dividend. Jio adds 8M subs.
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