New Delhi, Feb. 12 -- Silverline Technologies shares were locked in 5% upper circuit on Thursday, February 12 after UAE-based Trueledger Technologies FZE expressed interest in strategic investments of up to 20% stake in the firm. Silverline Technologies said that the proposed investment is intended to provide strategic exposure to the company's artificial intelligence-led initiatives.

The company indicated that the agreement is contingent upon applicable laws, regulatory requirements, internal approvals, and the signing of definitive agreements.

"Silverline Technologies Limited ("the Company") has received a non-binding Letter of Intent ("LOI") from Trueledger Technologies FZE, a UAE-based technology research and holding company. The LO...