Datamatics Global Services Ltd forms JV with CloudGrowth Pvt Ltd

Datamatics Global Services Limited ("Datamatics / the Company") had entered into a Joint Venture Agreement with CloudGrowth Private Limited ("CloudGrowth"), a Company which is engaged in the business of providing Salesforce consulting and implementation services to help its customers in the integration of Salesforce software and Salesforce-related products in their businesses, and offers the requisite support and maintenance services in relation to Salesforce-related products as well.

Datamatics is engaged in the business of consulting, information technology and business process outsourcing and have a comprehensive suite of innovative solutions, catering to a wide range of customers across the globe including Fortune 500 companies.

Datamatics in partnership with CloudGrowth has incorporated a Joint Venture Company viz. 'Datamatics Cloud Solutions Private Limited' ("Joint Venture Company") on December 15, 2022 to bring their respective competencies together and to jointly provide the services using Salesforce CRM platform and such other related services through the said Joint Venture Company.

Datamatics will hold 77% of the paid-up equity share capital of the aforesaid Joint Venture Company.

Shares of Datamatics Global Services Limited was last trading in BSE at Rs. 307.15 as compared to the previous close of Rs. 299.05. The total number of shares traded during the day was 10679 in over 729 trades.

The stock hit an intraday high of Rs. 310.80 and intraday low of 298.40. The net turnover during the day was Rs. 3267771.00.

Source : Equity Bulls

Keywords

DatamaticsGlobalServices INE365B01017 CloudGrowth JVCompany