The authorized share capital of SSIL is EUR 100,000 (100,000 equity shares (Ordinary Shares) of EUR 1 each) for which no government/ regulatory approval is required.
The Company holds 100% shareholding of SSIL. The initial subscription in SSIL by the Company does not fall under the purview of Related Party transaction and the promoter/ promoter group/ group companies do not have any interest in SSIL, said company in a regulatory filing.
The newly incorporated entity is yet to commence its operations.
At around 1:53 PM, Sonata Software was trading at Rs855 apiece up by Rs6.25 or 0.74% from its previous closing of Rs848.75 apiece on the BSE.