Sonata Software gains as its arm to acquire stake in SemiCab

25 Feb 2020 Evaluate

Sonata Software is currently trading at Rs. 337.30, up by 0.80 points or 0.24% from its previous closing of Rs. 336.50 on the BSE.

The scrip opened at Rs. 339.75 and has touched a high and low of Rs. 339.75 and Rs. 335.90 respectively. So far 1608 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 363.45 on 10-Jun-2019 and a 52 week low of Rs. 282.50 on 09-Oct-2019.

Last one week high and low of the scrip stood at Rs. 344.00 and Rs. 326.00 respectively. The current market cap of the company is Rs. 3545.97 crore.

The promoters holding in the company stood at 28.17%, while Institutions and Non-Institutions held 24.60% and 47.23% respectively.

Sonata Software’s wholly owned subsidiary -- Sonata Software North America Inc., (SSNA) has signed an agreement with SemiCab, Inc. a US based Company on February 24, 2020 to acquire upto 17% stake in SemiCab.

The strategic investment is aligned with company’s strategy of acquiring or making strategic investments in companies that have IP that enables digital transformation of businesses. The investment will make Sonata’s Platformation focus sharper in being the Digital Transformation partner of choice for customers in Retail, Distribution and other verticals that rely on logistics.

Sonata Software is a global IT services firm focused on catalysing transformational IT Initiatives of its clients through deep domain knowledge, technology expertise and customer commitment.

Sonata Software Share Price

739.00 -3.60 (-0.48%)
28-Mar-2024 16:01 View Price Chart
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