Onward Technologies Ltd completes acquisition of NV Pune

Onward Technologies Limited ('the Company') has entered into Share Purchase Agreement with NV Pune Technology Park Private Limited, a Company incorporated under Companies Act, 1956 having its registered Office at 94, 9th Floor, Free Press House 215, Mumbai 400021, Maharashtra, India. ('NV Pune') 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.

The Company desires to build dedicated delivery Centre for offshore business catering to Europe and US Clients. The acquisition of shares of NV Pune will enable the Company to buy the office premises located Almonte IT Park, 5th Floor, Kharadi, Pune.

Shares of Onward Technologies Limited was last trading in BSE at Rs. 253.80 as compared to the previous close of Rs. 241.75. The total number of shares traded during the day was 1730 in over 49 trades.

The stock hit an intraday high of Rs. 253.80 and intraday low of 243.00. The net turnover during the day was Rs. 434251.00.

Source : Equity Bulls

Keywords

OnwardTechnologiesLimited INE229A01017 ONWARDTEC Acquisition NVPuneTechnologyPark