UAE-based Trueledger Technologies FZE proposes to buy 20 pc stake in Silverline

New Delhi (Feb 11) UAE-based Trueledger Technologies FZE has expressed interest in strategic investments of up to 20 per cent stake in Silverline Technologies, a regulatory filing said on Wednesday.

Silverline said that the proposed investment is intended to provide strategic exposure to the company’s artificial intelligence-led initiatives.

“Silverline Technologies Limited has received a non-binding Letter of Intent (LoI) from Trueledger Technologies FZE, a UAE-based technology research and holding company.