New Delhi, Feb. 18 -- 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 Rs.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 Rs.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...