Deal Snapshot
Telidyne Nixes Acquisition of Ducon
Thursday 28 May 2020

US technology company Telidyne, Inc's (OTC: TLDN) planned acquisition in India-based Ducon Infratechnologies Ltd could not be completed since the company could not receive an approval from the Indian authorities for this purchase, the company said.

The deal was announced in February. Under the deal, Telidyne was to acquire a 56% holding in India-based Ducon Infratechnologies Ltd. (BSE: 534674) (NSE: DUCON) as part of an expansion into new emerging markets.

Date Published: 28/05/2020