SoftTech Engineers inches up on incorporating wholly owned subsidiary
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SoftTech Engineers is currently trading at Rs. 158.05, up by 0.05 points or 0.03% from its previous closing of Rs. 158.00 on the BSE.
The scrip opened at Rs. 156.80 and has touched a high and low of Rs. 158.05 and Rs. 154.85 respectively. So far 13 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 181.90 on 29-Sep-2022 and a 52 week low of Rs. 88.35 on 28-Jun-2022.
Last one week high and low of the scrip stood at Rs. 181.90 and Rs. 154.85 respectively. The current market cap of the company is Rs. 157.25 crore.
The promoters holding in the company stood at 40.45%, while Institutions and Non-Institutions held 0.29% and 59.26% respectively.
SoftTech Engineers has incorporated a wholly owned subsidiary company named ‘SoftTech Digital Pte’ in Singapore on October 03, 2022. SoftTech Engineers has subscribed 10,000 shares of Singapore dollar 1 each equivalent to Singapore dollar 10,000 of the subsidiary. Objective of the said acquisition is to create sales and implementation network in Southeast Asia and any other overseas regions as decided by the management, to create Strategic Partnerships / Business Arrangements to sell its products and Services to regions managed and operated by this Subsidiary. Business of the subsidiary is in line with the main business activities of the company.
SoftTech Engineers is a software company which caters to the Architecture, Engineering, and Construction (AEC) verticals.
