Sancode Technologies' subsidiary agrees to acquire Cirtek Electronics Corporation
Sancode Tech. · IT - Services
What the filing says
- Sancode Semi Private Limited, a subsidiary, agreed to acquire 100% of Cirtek Electronics Corporation's equity for USD 20,200,000 in two tranches, subject to conditions precedent.
- Cirtek Electronics Corporation, a Philippines-incorporated OSAT company, reported FY 2025 turnover of USD 26.62 million and was incorporated on May 23rd 1984.
- Consideration is cash: USD 11,320,000 payable on closing and USD 8,880,000 within 1 year of closing; the filing says no approvals are required, but FEMA/RBI filings may be needed.
Why it's rated notable: the amount is 24% of market value (20% to 50%)
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Acquisition
Read the filing on BSE (PDF) →Companies guiding to strong growth
Ranked by management's own guidance on revenue and margins — not by us.
Electrical Equipment
Sign up free to see all 6 →
See full rankingsRank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Other acquisition / merger filings this fortnight
- Aeroflex Enterprises completes acquisition of 51.01% stake in Stilonn Valves
- Capital Infra Trust completes acquisition of 100% equity in six Gawar highway SPVs
- Shrem InvIT completes acquisition of 100% equity in Chilakaluripet Bypass Pvt Ltd
- Newgen Software Technologies approves quarter and half-year results and amalgamation scheme
- Raajmarg Infra Investment Trust to potentially acquire 10 NHAI road assets in FY 2026-27
- Bharat Petroleum Corporation Ltd. approves incorporation of wholly owned subsidiary
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.