Other Private Equity/Strategic Investments
Tata Group firm Nelco buys 9% stake in satellite solutions provider Piscis for Rs.1-C
Publicly listed Tata Group company Nelco Ltd, has picked up a 9.09% stake in Mumbai-based satellite network software provider, Piscis Networks for INR 1 crore, translating to 1,111 equity shares in the company. Nelco may acquire up to 30% of Piscis Networks. Piscis provides efficient networking solutions. The firm's SD-WAN technology is claimed to be designed to optimise network performance and security while reducing operational costs. Nelco offers satellite communications and network services to clients in various industries, including aviation and maritime services.
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