HDFC Investments to sell its stake in Softcell Technologies Pvt Ltd

HDFC Investments Limited (HIL), a wholly-owned subsidiary of Housing Development Finance Corporation Limited (the Corporation), has today i.e. on September 27, 2022 entered into an agreement to sell 1,14,931 equity shares of Softcell Technologies Private Limited (Softcell) representing 12% the total paid-up equity share capital of Softcell.

The Cash consideration amount receivable by HIL is Rs. 13,79,172 at Rs. 12 per equity share.

Softcell Technologies Private Limited (earlier known as "Softcell Trade and Technologies Limited") was incorporated in 1995 and is in the business of providing internet and allied services. The Company is headquartered in Mumbai. For the financial year ended March 31, 2022, the total aggregate income of Softcell Technologies Private Limited was Rs. 3.85 crore and the balance sheet size was Rs. 5.04 crore.

Source : Equity Bulls

Keywords

HDFCInvestments HDFC StakeSale SoftcellTechnologies