Kavveri Defence & Wireless Technologies Promoter Stake Set to Rise to 45.20% as It Approves Samoro Telecoms Merger
Kavveri Defence & Wireless Technologies Limited (BSE: 590041, NSE: KAVDEFENCE) has approved a Scheme of Amalgamation with Samoro Telecoms Private Limited, a move that will also significantly increase the promoter shareholding in the listed company. The Board of Directors approved the proposed amalgamation at its meeting held on September 06, 2026, after considering the recommendations of the Audit Committee and Independent Directors. The proposed transaction will consolidate the businesses of Kavveri Defence & Wireless Technologies and Samoro Telecoms under a single corporate entity. Under the proposed scheme, the promoter shareholding in Kavveri Defence & Wireless Technologies is set to increase from 24.56%, to 45.20% post scheme. The public shareholding will reduce from 75.44% to 54.80% following the issue of shares under the merger. The total equity shares of the company will increase from 6,01,24,260 to 8,27,74,260. The increase in promoter ownership gives the exi...
