L&T Semiconductor Technologies to acquire SiliConch Systems for Rs 183 cr

Larsen & Toubro (L&T) announced on Tuesday that it will acquire Bengaluru-based SiliConch Systems for Rs 183 crore to enhance its fabless semiconductor business. The deal, involving L&T Semiconductor Technologies Ltd., will be finalized by September, pending customary conditions. The acquisition includes an upfront payment of Rs 133 crore and a deferred Rs 50 crore over four years, contingent on certain targets.