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Sasken Technologies shuts down its wholly-owned arm in China; Stock surges 2%

Sasken Technologies is an Indian multinational technology company.

October 08, 2021 12:06 IST | India Infoline News Service
Stock Market Trader, Stock Trader, Trading
Sasken Technologies Ltd stock rises after it informed to the exchange regarding closure of its subsidiary.

The company said in a regulatory filing that the activities related to closure of Sasken Communication Technologies (Shanghai) Co. Limited, a wholly owned subsidiary of the Company is completed and concluded.

Sasken Technologies is an Indian multinational technology company, based in Bangalore, India, which provides product engineering and digital transformation services to global customers in industries.

At around 12:05 PM, Sasken Technologies was trading at Rs1,352.55 per piece up by Rs23.9 or 1.8% from its previous closing of Rs1,328.65 per piece on the BSE.

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