MoneyWorks4Me

Softsol India planning to acquire Softsol Technologies Inc

11 Feb 2020 Evaluate

Softsol India is planning to purchase entire common stock (100% holding) of Softsol Technologies Inc, (STI) Fremont, California, USA by the Wholly Owned Subsidiary Company Softsol Resources Inc, USA (SRI) at a price not exceeding $200000 from its free reserves.

This proposal can be accomplished in several months and be effective April 1, 2020. Through the combination of two entities efforts, both the companies will be able to enjoy economies of scale and a more prominent market position when competing for large service and project opportunities. Also, merging of two entities via strategic transaction in future will result in the optimal revenue, profit and value growth opportunities.

Softsol India specializes in Enterprise Technology Modernization solutions.

Peers
Company Name CMP
Lodha Developers 1057.55
Prestige EstatesProj 1485.95
Dilip Buildcon 404.05
DLF 674.30
Oberoi Realty 1706.70
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