Saksoft to acquire 25% stake in subsidiary company

Date posted: Monday 3 July 2017

Saksoft has approved to acquire further 25 percent stake in its subsidiary company 360 Logica Testing Services. The company currently holds 51 percent in 360logica and post-acquisition the holding will increase to 76 percent. The board of directors has given an in-principle approval to acquire the remaining 24 percent of stake in 360 Logica in future based on key performance parameters.

(Money Control)