Sonata Software North America, Inc. a wholly owned subsidiary of the Company, has entered into a definitive agreement on 9th January, 2019 with each of other shareholders of Rezopia, Inc., to acquire remaining 40% stake in Rezopia, Inc., a California corporation. Consequent to acquisition of the entire share capital, Rezopia, Inc., will become a wholly-owned subsidiary of the Company.
Rezopia is a cloud-based end-to-end travel reservations, contracts, operations and distribution management platform for travel providers. It is a popular travel platform for travel, rail, tour operators and online travel companies.
Sonata Software North America, Inc., wholly owned subsidiary of the Company had acquired 60% stake of Rezopia, Inc., a California corporation in year 2014 and the Company had also acquired their Indian entity Xyka Software Private Limited during the acquisition in the year 2014.
Shares of SONATA SOFTWARE LTD. was last trading in BSE at Rs.305.05 as compared to the previous close of Rs. 308.35. The total number of shares traded during the day was 6107 in over 382 trades.
The stock hit an intraday high of Rs. 310.05 and intraday low of 301. The net turnover during the day was Rs. 1860730.