Sasken Communication Technologies witnessed a rise in share prices on Wednesday after it has received USD 21.49 million from Spreadtrum Communications Inc. in relation to arbitration award in the company's favour. Earlier in August, the company had received USD 7 million from Spreadtrum.

Shares of the comapny are trading at Rs 337, up Rs 8.25, or 2.51% at the Bombay Stock Exchange (BSE) on Wednesday at 11:22 a.m.

The scrip has touched an intra-day high of Rs 353 and low of Rs 336. The total volume of shares traded at the BSE is 107,370.