Palred Technologies has received approval from its board for investment aggregating to an amount of Rs 3 crore in subsidiaries, namely Palred Retail and Palred Technology Services.
The company’s board has approved to invest Rs 2 crore in Palred Retail to carry on whether in India or abroad and whether as owners, principals, franchises, agents, proprietors, managers, contractors, consultants, advisors, investors, partners, joint venture partners or otherwise, the business of retail or wholesale trading.
The company’s board has also approved to invest Rs 1 crore in Palred Technology Services to enable wholly owned subsidiary company to meet short term and long term working capital requirements including expansion of business activities and general corporate purposes.
Palred Technologies is a provider of software solutions for transportation and logistics industry. It offers solutions in the areas of freight forwarding industry, customs brokerage, contract logistics, shipper logistics and services. The firm also provides services like consulting, software development and system integration and implementation.
Company Name | CMP |
---|---|
TCS | 3851.85 |
Infosys | 1438.40 |
HCL Tech. | 1503.65 |
Wipro | 461.00 |
Tech Mahindra | 1190.10 |
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