Tejas Networks shines on partnering with Rakuten Symphony
Tejas Networks is currently trading at Rs. 720.45, up by 23.25 points or 3.33% from its previous closing of Rs. 697.20 on the BSE.
The scrip opened at Rs. 712.75 and has touched a high and low of Rs. 732.30 and Rs. 712.70 respectively. So far 281520 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1495.10 on 27-Jun-2024 and a 52 week low of Rs. 647.00 on 17-Mar-2025.
Last one week high and low of the scrip stood at Rs. 732.30 and Rs. 681.60 respectively. The current market cap of the company is Rs. 12768.77 crore.
The promoters holding in the company stood at 53.83%, while Institutions and Non-Institutions held 11.94% and 34.23% respectively.
Tejas Networks has entered into multi-faceted strategic partnership with Rakuten Symphony to develop integrated open RAN solutions and engage in joint go-to-market efforts, both in India and internationally.
The companies will collaborate to integrate Rakuten Symphony’s CU and DU software, OSS, and cloud portfolio with Tejas’s extensive, proven 4G/5G radio portfolio and explore opportunities for the deployment and expansion of 4G and 5G networks worldwide, including in India, leveraging commercial and technical synergies, as well as collaborative engagement strategies.
Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defence and government entities.
