Saksoft has completed the acquisition of balance 24% of equity stake in Threesixty Logica Testing Service (360 logica). Consequently, 360 logica has now become a wholly owned subsidiary of the company.
Recently, the company had received an approval to acquire the balance 24% of equity stake in 360 logica for amount not exceeding Rs 700 lakh. The board of directors at their meeting held on June 30, 2017, had approved for the same.
Total volume of shares traded on the bourses today was higher by 22.46% to 11,019 compared with 22-day average volume of 8,998.
Shares of the company gained Rs 4.85, or 2.24%, to trade at Rs 221.60. The total volume of shares traded was 4,551 at the BSE (10.19 a.m., Tuesday).