Aerospace and Defence Tech Firm Acquires 60 Per cent Stake in Sivaltech Group, a Semiconductor Design Specialist – Stock Hits Upper Circuit
The company’s shares have delivered an impressive return of over 50 per cent in just 6 months only.
In a landmark move to boost semiconductor innovation and align with the Government of India’s "Make in India" initiative, Trident Techlabs Ltd, through its wholly owned subsidiary Techlabs Semiconductor Private Ltd, has signed a letter of intent to acquire a 60 per cent strategic stake in Sivaltech Group.
Sivaltech, with operations in the USA and India, is a leading provider of product engineering services specializing in semiconductor design and technologies.
This partnership aims to establish a robust and self-reliant semiconductor ecosystem in India by focusing on design services, packaging solutions, testing, verification, and process optimization. The collaboration will leverage complementary strengths to reduce reliance on foreign providers and accelerate innovation in critical industries such as defence, automotive, telecommunications, and consumer electronics.
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The acquisition will expand the combined entity’s global footprint, particularly in the USA, and enhance India’s semiconductor talent pool. With a completion timeline of 90 days past due diligence and regulatory approvals, the integration is expected to drive the development of advanced semiconductor solutions and strengthen India’s design and manufacturing ecosystem.
Share Performance
At the start of the today’s trading session, Trident Techlabs Ltd opened at Rs 1256 per share, compared to the previous day's closing of Rs 1238.55 per share on the NSE. Today, the company’s shares tallied and hit the upper circuit and finally closed the day at around Rs 1300.45 per shares on the NSE. The current market capitalization stands at Rs 2,247 crore, and the stock has generated an impressive return of over 50 per cent in the past 6 months.
Business Overview
Trident Techlabs Ltd, with over two decades of experience, is a prominent provider of technology services in India. The company specializes in custom-built solutions for defence, public sector units, space labs, multinational corporations, and SMEs, offering a comprehensive range of consulting, design, and engineering services across the product lifecycle.
Disclaimer: The article is for informational purposes only and not investment advice.