Sancode Technologies543897Deal
Sancode subsidiary to buy 100% of Philippines OSAT Cirtek Electronics for USD 20,200,000 in cash
By ScoutQuest · · 1 min read
100%Shareholding acquired
- Stake Acquired
- wholly (100%) – ~15.55 crore equity shares, being the entire issued and outstanding equity share capital
- Total Purchase Consideration
- USD 20,200,000
- Consideration Payment Schedule
- First Tranche USD 11,320,000 on Closing and Second Tranche USD 8,880,000 not later than 1 year from the Closing Date
- Target
- Cirtek Electronics Corporation ("CEC")
- Transaction
- Acquisition (by subsidiary Sancode Semi Private Limited)
Sancode subsidiary to buy 100% of Philippines OSAT Cirtek Electronics for USD 20,200,000 in cash.
Also from Sancode Technologies
Subsidiary appoints Jerry A. Agnes as CEO to lead greenfield OSAT facility at Bhubaneswar
12 Oct 2026
Sancode Technologies Ltd shareholder buys 8.94% stake
6 Oct 2026
More numbers
- Total purchase considerationUSD 20,200,000
- First tranche consideration payable on closingUSD 11,320,000
- Second tranche consideration payable within 1 yearUSD 8,880,000
- Equity shares acquired of Cirtek Electronics155,511,959
- Shareholding acquired100%
- Target authorised capitalUSD 13.5 million
- Target paid up share capitalUSD 4.05 million
- Target turnover FY 2025USD 26.62 million
- Target turnover FY 2024USD 23.08 million
Source: BSE · 23 Oct 2026
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.