Onward Technologies, a leading global player of mechanical engineering design and information technology consulting services has entered into Share Purchase Agreement (SPA) with NV Pune Technology Park and has acquired 100% of the equity and preference shares.
Accordingly, NV Pune has become the wholly owned subsidiary of Onward Technologies with effect from December 01, 2021. The purpose of the acquisition is to build dedicated delivery centre for offshore business catering to Europe and US clients.
Shares of the company gained Rs 12.55, or 4.71%, to settle at Rs 279. The total volume of shares traded was 9,179 at the BSE (Monday).
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