SoftTech Engineers Limited forms subsidiary

SoftTech Digital Pte. Ltd., subsidiary of SoftTech Engineers Limited ("Company”) has acquired subsidiary with name SoftTech Digital Software L.L.C in the Emirates of Dubai, UAE on 10th April, 2023.

The Objects and effects of acquisition and formation of Subsidiary:

1. International Market Penetration of SoftTech's Products Established in India

2. Creating Sales and Implementation Network in Middle East and neighbouring areas.

3. Creating Strategic Partnerships / Business Arrangements to sell its products and Services to regions managed and operated by this Subsidiary

Business of the Subsidiary is in line with the main business activities of the Company.

Shares of Softtech Engineers Limited was last trading in BSE at Rs. 145.90 as compared to the previous close of Rs. 146.75. The total number of shares traded during the day was 166 in over 31 trades.

The stock hit an intraday high of Rs. 147.75 and intraday low of 145.20. The net turnover during the day was Rs. 24229.00.

Source : Equity Bulls

Keywords

SofttechEngineers INE728Z01015 Subsidiary SoftTechDigitalSoftware