Kore Digital Limited, a leading infrastructure and telecom service provider, has announced the acquisition of a 98% equity stake in three companies, further strengthening its business operations.
The acquisitions, approved at the Board of Directors meeting on December 31, 2024, include Franken Telecom Private Limited, Wolter Infratech Private Limited, and KDL Realinfra Private Limited. These companies will now operate as subsidiaries of Kore Digital Limited, adding value and expertise across specialized industries.
Details of acquisitions:
- Franken Telecom Private Limited
- Incorporated: July 8, 2024
- Industry: Telecom infrastructure services
- Investment: ₹49,000 for 4,900 equity shares (98% stake)
- Objective: Enhance infrastructure services for telecom operators.
- Wolter Infratech Private Limited
- Incorporated: July 9, 2024
- Industry: Engineering and civil works
- Investment: ₹49,000 for 4,900 equity shares (98% stake)
- Objective: Gain access to specialized engineering expertise.
- KDL Realinfra Private Limited
- Incorporated: March 19, 2024
- Industry: Infrastructure development
- Investment: ₹98,000 for 9,800 equity shares (98% stake)
- Objective: Strengthen collaborative opportunities in infrastructure projects.
These strategic acquisitions aim to combine resources, reduce costs, and improve operational efficiency, aligning with Kore Digital’s vision of broadening its market presence across telecom and infrastructure sectors.
