Silverline Technologies Gets Non-Binding Offer from UAE Company to Sell 20% Stake; Shares Up 5%

MT Newswires Live

02/11

Silverline Technologies (BOM:500389) has received a non-binding letter of intent from UAE-based technology research and holding company Trueledger Technologies to potentially sell 20% stake in the company, according to a BSE filing on Wednesday.

Trueledger Technologies has expressed preliminary interest in exploring a potential strategic investment of up to 20% stake in the company.

The proposed investment aimed at providing Trueledger Technologies strategic exposure to the company's artificial intelligence-led initiatives.

The company's shares were up nearly 5% in recent trade.

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