Sujana Towers, the power and telecom towers subsidiary of the Sujana Group, has acquired 51% stake in Telesuprecon.

Hyderabad-based Sujana Towers is close to acquiring a South African tower manufacturer and the deal is likely to be struck in ten days.

Religare Securities has reiterated ‘Buy’ recommendation on Sujana Towers for a target price of Rs 202. At this price, the stock discounts i...