Salasar Techno Engineering Limited (NSEI:SALASAR) entered into a bid to acquire EMC Limited for INR 1.8 billion on March 14, 2024. Salasar Techno Engineering Limited (NSEI:SALASAR) entered into a letter of intent to acquire EMC Limited on March 15, 2024. EMC reported revenues of INR 707.03 million and net loss of 1.3 billion on March 31, 2023.

The transaction is expected to close in 90 days.