Announced Fri, 3 Jul · 17:59 IST
Board approves 95% US subsidiary Datakosa Inc, initial investment USD 10,000
Price
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Price reaction · full curve 14 horizons · vs prior close
-4.1%1-day move
₹18.25
prior close
₹18.06
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.8—+3.8—-4.1-4.1-6.8-7.9-9.7-12.3-2.7———
Up moveDown movePending
AI summary
Bodhtree Consulting's Board approved incorporating Datakosa Inc., a 95% owned subsidiary in the USA, with promoter Mr. Prem Anandh holding the remaining 5%. The IT and IT-enabled services subsidiary aims to expand the company's existing business into the US market. Initial investment is up to USD 10,000 in cash, routed through the automatic route under FEMA overseas investment rules. No specific Indian regulatory approval is required, and the entity is yet to be incorporated.
Likely market impact
Small near-term impact given the modest initial outlay, but signals a strategic push into the US IT market that could support future growth.