AGC Networks

Essar Group Takeovers AGC Networks

Essar Group Takeovers AGC Networks

Essar Group has reported about its acquisition of AGC Networks for Rs 206 crore. The essar group took the 59.13 percent stake of Avaya in AGC, subject to customary regulatory requirements and completion of the open offer.

AGC Networks, earlier known as Avaya GlobalConnect, is a converged communication solution provider focused on India and Australia. The current management is expected to continue and spearhead the business post-closing.