Sasken Communication Technologies To Get $45 Million In Damages, Shares Soar

Sasken Communication Technologies shares jumped 20 per cent on Monday following its settlement with Spreadtrum Communications and Beijing UniSpredtrum Technology in connection with the unauthorized use of Sasken's protocol stack IP, traders said. Bengaluru-based Sasken Communication Technologies will receive $45 million (around Rs 300 crore) as damages/compensation over the next few days, the company informed the Bombay Stock Exchan...