Silverline Technologies share price was locked in 5% upper circuit on Wednesday, February 18, following the board’s in-principle approval for a strategic investment of ₹80 crore from Trueledger Technologies FZE. This investment will grant Trueledger a 20% equity stake in Silverline.
The proposed transaction suggests a post-money valuation of around ₹400 crore, reflecting optimistic business projections and planned growth strategies, particularly in the AI sector. The capital infusion is set to bolster the company’s balance sheet, accelerate growth initiatives, and support its technology-driven expansion strategy.
Yakin Joshi, Managing Director and CFO of Silverline Technologies, emphasized that this transaction highlights the company’s commitment to enhancing long-term shareholder value and positioning itself for scalable growth in the future.
He also noted that management has been empowered to negotiate and finalize a detailed non-binding term sheet, which will cover commercial terms, governance frameworks, valuation principles, and standard conditions precedent.
