SoftSol India to consider loan of $5M to wholly-owned subsidiary; Stock gains 2%

SoftSol offers comprehensive solutions to its customers in transforming their data, business processes and enterprise applications.

Sep 21, 2021 09:09 IST India Infoline News Service

Softsol India Ltd has informed to the exchange regarding loan consideration in the meeting.

According to the regulatory filing, the 165th meeting of Board of Directors of the Company will be held on Thursday, September 30, 2021 mainly to consider giving of Loan up to an amount of USD 5 Million to the Wholly Owned Subsidiary Company SOFTSOL RESOURCES INC, USA.

The outcome of the Board meeting will be communicated to the stock exchanges soon after conclusion of the Board meeting on September 30, 2021, said company.

SoftSol offers comprehensive solutions to its customers in transforming their data, business processes and enterprise applications.

At around 9:22 AM, Softsol India was trading at Rs156.40 higher by 1.96% on Sensex.

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