Sagarsoft (India) Forms New Subsidiary in US; Shares Jump 9%

MT Newswires Live

04/15

Technology company Sagarsoft (India) (BOM:540143) has incorporated a subsidiary in the US named Sarral Global to expand its cyber security business in the country, according to a BSE filing on Tuesday.

IT CATS, a wholly-owned subsidiary of Sagarsoft, holds 51% in the new Amercican subsidiary with an initial investment of $5,100.

Sagarsoft's shares were up over 9% in recent trade.

Price (INR): ₹163.40, Change: ₹+14, Percent Change: +9.37%

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