/ Saksoft Acquires 24% Stake In 360 Logica ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 30 June 2017

Saksoft Limited approved the proposal to acquire the balance 24% (last tranche acquisition) of equity stake in 360Logica, subject to compliance of all the legal formalities.

Post-acquisition of the equity stake, 360Logica will become a wholly-owned subsidiary of by Saksoft. The time period for completion of acquisition is on or before July 10, 2017.

The cost of acquisition amounted to Rs 7 crore, plus the proportionate share of net current assets to be computed and paid within 60 days from the closing.

Saksoft Limited is an information technology company that provides business intelligence, testing and software solutions across a range of industries and verticals. The Company provides a range of software solutions, including information management strategy, consulting, design, custom application development, etcetera.

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