Satellite Finance increases stake in Exicom Tele-Systems

Satellite Finance Private Limited, along with its Persons Acting in Concert (PACs), has increased its shareholding in Exicom Tele-Systems Limited. The acquisition involved 4,251,619 equity shares, bringing Satellite Finance's direct stake to 6.31% post-acquisition, up from 3.26%.

The change in shareholding is a result of a Scheme of Amalgamation between Shankar Sales Promotion Private Limited and Vinsan Brothers Private Limited, merging with and into Satellite Finance Private Limited. This scheme was approved by the National Company Law Tribunal on October 9, 2025, with the order pronounced on October 16, 2025, and registered with the Registrar of Companies on December 1, 2025.

Following the transaction, the total holding of Satellite Finance Private Limited and its PACs (NextWave Communications Private Limited, HFCL Limited, and Mr. Mahendra Nahata) stands at 83,667,997 shares, representing 60.16% of the voting capital. The total diluted share/voting capital of Exicom after the acquisition is 139,680,875 equity shares, aggregating to Rs. 1,396,808,750.