Sonata Software Limited board approves merger of Gapbuster Ltd

At the meeting of the Board of Directors of the Company held on 13th May, 2023, the Board, has accorded in principle approval for merger of Gapbuster Limited and its subsidiaries with group entities of Sonata Software Limited.

The board also approved merger of Gapbuster Limited and Gapbuster Europe Limited with Sonata Europe Limited; Gapbuster Worldwide Pty. Ltd. with Sonata Australia Pty. Ltd.; Gapbuster Inc. with Sonata Software North America Inc.

Kabushiki Kaisha Gapbuster Japan, Gapbuster China Co. Ltd. and Gapbuster Worldwide Malaysia SDN BHD to be merged with respective parent companies.

Shares of Sonata Software Limited was last trading in BSE at Rs. 861.65 as compared to the previous close of Rs. 851.00. The total number of shares traded during the day was 7090 in over 531 trades.

The stock hit an intraday high of Rs. 868.90 and intraday low of 854.05. The net turnover during the day was Rs. 6120287.00.

Source : Equity Bulls

Keywords

SonataSoftware INE269A01021 Merger Gapbuster