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Onward Tech zooms 5% on completion of 100% stake in NV Pune

NV Pune has become the wholly owned subsidiary of Onward Technologies w.e.f December 01, 2021.

December 03, 2021 1:19 IST | India Infoline News Service
Onward Technologies Ltd has entered into Share Purchase Agreement with NV Pune Technology Park Private Limited, a Company incorporated under Companies Act, 1956 and has acquired 100% of the equity and preference shares.

Accordingly, NV Pune has become the wholly owned subsidiary of Onward Technologies Limited with effect from December 01, 2021.

As per regulatory filing, object of acquisition of NV Pune is that the Company desires to build dedicated delivery Centre for offshore business catering to Europe and US Clients.

NV Pune belongs to Development of Real Estate like office premises, techno township, technology parks, software parks, electronic and Hardware Technology parks, cyber city and info city etc.

At around 1:20 PM, Onward Technologies was  trading at Rs266.45 apiece up by Rs12.65 or 4.98% on Sensex.

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