UAE Tech Giant Eyes 20% Stake in Indian Firm Silverline Technologies

• UAE-based Trueledger Technologies expresses interest in acquiring up to a 20% stake in Indian software firm Silverline Technologies.
• A non-binding Letter of Intent (LoI) has been sent, potentially valuing Silverline at approximately 400 crore rupees post-money.
• The deal aims to strengthen Silverline's AI projects, including its recently launched 'Silver AI' web platform.
• Silver AI is a smart chat and productivity platform gaining rapid user adoption.
• Investment could bring foreign capital, accelerate AI development, boost global recognition, and benefit shareholders.