New Delhi, Oct. 27 -- Multibagger NSE SME stock SAR Televenture surged more than 7% during Monday's trading session following the announcement of a Share Purchase Agreement to acquire 100% equity stakes in M/s Blue Lotus Support Services Private Ltd and M/s Whitefield Communications Private Limited for a total amount of Rs.800 crore. Since its IPO price, SAR Televenture has experienced an increase of approximately 240% as of today.

The deal represents a crucial strategic achievement for SAR Televenture, as it will reinforce its standing in India's fast-growing telecom infrastructure industry and anticipates enhancing its operational presence throughout the southern part of the country, according to the company in an exchange filing.

The...