Sonata Software establishes a wholly-owned subsidiary in Malaysia

To offer comprehensive solutions for information technology services, Sonata Software has established a wholly owned subsidiary called “Sonata Software Malaysia SDN. BHD” (Sonata Malaysia) with effect from June 13, 2023. Sonata Malaysia has a paid-up share capital of 10,000 Malaysian Ringgit (10,000 equity shares, each worth one MYR), for which no government or regulatory clearance is necessary. 

Sonata Malaysia is wholly owned by the company. The Company’s original investment in Sonata Malaysia does not qualify as a Related Party Transaction, and neither the Promoter nor any members of the Promoter Group or Group Companies are interested in Sonata Malaysia. The recently incorporated company will soon start operating. 

Sonata is a multinational technology company that helps businesses convert into connected, open, intelligent, and scalable organisations through platform-based digital transformation projects. To provide customers with consistent, long-term value, Sonata’s Platformation methodology combines industry experience, platform technology excellence, design thinking-led innovation, and strategic engagement models.

The Sonata solution portfolio includes its own digital platforms, including Brick & Click Retail Platform, Modern Distribution Platform, Rezopia Digital Travel Platform, Kartopia E-commerce Platform, Halosys Enterprise Development Automation Platform, CTRM (Commodity Trading and Risk Management) Platform, and KODO – (an AI-powered Customer Experience (CX) Platform. Sonata is a trusted partner of global leaders in the retail, manufacturing, distribution, travel, services, and software industries. 

Today, the stock opened at Rs 1,035.05, with a high and low of Rs 1,055.00 and Rs 1,007.70. Shares closed today at Rs 1,011.30, down by 2.7% from its previous close of Rs 1,040.10. 

The stock has a 52-week high of Rs 1,078.15 and a 52-week low of Rs 457.50. The current market cap of Sonata Software Ltd is Rs 14,179.68 crore.