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The ₹20M Question: Is Rashi Peripherals Betting Big on a New Future?

Updated: June 17, 2025 16:57

Image Source: Gujarati News
Rashi Peripherals Ltd has sold its stake in ZNet Technologies for ₹20 million, marking a strategic shift in its business focus. The move comes as part of Rashi’s broader efforts to streamline operations and optimize its investment portfolio.
 
Key Highlights:
  • Stake Sale Details: Rashi Peripherals, a leading ICT distributor, has exited its investment in ZNet Technologies, a cloud services provider, for ₹20 million, signaling a shift in its business priorities.
  • ZNet’s Future Plans: Despite the divestment, ZNet Technologies will continue to operate independently, focusing on cloud computing, AI, and IoT solutions for enterprise clients.
  • Rashi’s Strategic Focus: The company aims to strengthen its core distribution business, leveraging its extensive network to expand in highgrowth technology segments.
  • Industry Impact: The sale reflects India’s evolving cloud services landscape, with companies refining their portfolios to align with emerging digital trends.
  • Market Response: Analysts view the move as a calculated decision, allowing Rashi Peripherals to reallocate resources toward nextgen tech solutions.
With this divestment, Rashi Peripherals Ltd is poised to sharpen its focus on distribution excellence, while ZNet Technologies continues its independent growth trajectory in cloud innovation.
 
Source: Wire19, DQ Channels, RP Tech India

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