Saksoft has informed that the Board of Directors of the Company at its meeting held on June 29, 2016, between 10.30 AM and 12.00 Noon have approved to acquire a further 25% of stake in Threesixty Logica Testing Services (360logica), the subsidiary of the Company (currently the Company holds 51% in 360logica). As per the Board approval, Aditya Krishna, Chairman & Managing Director and Nirajkumar Ganeriwala, Chief financial officer are severally authorized to undertake the acquisition of further 25%.
The above information is a part of company’s filings submitted to BSE.
