Univastu India to acquire Cambium Networks assets via UK subsidiary
Univastu India Limited will incorporate a wholly-owned subsidiary, 'Univastu Networks Limited', in the UK to acquire assets of Cambium Networks Ltd. The acquisition cost is 39,00,000 GBP for 100% shareholding. This is part of the company's business expansion strategy.
The acquisition of a foreign entity's assets, while strategic, involves a significant but not transformative investment amount relative to the company's overall scale.
The company is expanding its operations by acquiring assets through a new subsidiary, indicating a positive growth strategy.
Univastu India Limited announced its Board of Directors' approval on October 6, 2026, to incorporate a wholly-owned subsidiary in the United Kingdom named 'Univastu Networks Limited'. This subsidiary will be established for the purpose of acquiring the assets of 'Cambium Networks Ltd', which is currently in administration. Univastu India Limited will hold 100% shareholding in the proposed subsidiary.
The acquisition involves the telecommunications and wireless networking technology industry. The move is aimed at business expansion and acquiring the assets of Cambium Networks Ltd. The transaction will be considered a related party transaction as the proposed company will be a subsidiary, with promoters Mr. Pradeep Khandagale and Mrs. Rajashri Khandagale having an interest. However, any transactions with the subsidiary will be conducted on an arm's length basis.
The consideration for the acquisition is an aggregate amount equivalent to 39,00,000 GBP (Thirty-Nine Lakh Great Britain Pounds) for a 100% subscription of 39,00,00,000 Ordinary (Equity) Shares of 0.01 GBP each in 'Univastu Networks Limited'. This constitutes an overseas direct investment. As per Reserve Bank of India regulations, this investment falls under the Automatic route, requiring no prior RBI approval. The incorporation of the subsidiary is subject to applicable statutory and regulatory approvals, and further updates will be provided upon its incorporation. The Board meeting commenced at 5:00 PM and concluded at 9:00 PM.
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Univastu India Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Univastu India Limited. Read the original for the full detail.