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| Exchange Received Time 04/01/2018 14:22:14 Exchange Disseminated Time 04/01/2018 14:22:17 Time Taken 00:00:03 | We wish to intimate that one of our Subsidiary companies Saksoft Inc., USA has informed Saksoft Limited on 3rd January, 2018 that Saksoft Inc., had completed the acquisition of California based startup Faichi Solutions LLC (www.faichi.com). Faichi is a technology company that focuses on providing IT Services in the Healthcare Space.
Pursuant to the above acquisition by Saksoft Inc., Faichi Solutions LLC., has become a Step Down Subsidiary of Saksoft Limited.
We request you to take note of the above intimation as disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.
We are also enclosing the Press Release in respect of the above.
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