Announced Tue, 25 Aug · 13:23 IST
Merger of wholly owned subsidiary Encore IT with Sonata effective
SONATSOFTW · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.1%1-day move
₹306.10
prior close
₹302.60
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.1-0.1-0.8-2.1-5.5-0.4-4.4-5.8-7.2-9.3———
Up moveDown movePending
AI summary
Sonata Software informed exchanges that the merger of its wholly owned subsidiary Encore I.T. Services Solutions with Sonata Software has become effective from 14 August 2026, with RoC approving Form INC-28 on 25 August 2026. The Appointed Date of the scheme is 1 April 2024. Since no new equity shares are being issued under the scheme, there is no change in the issued, subscribed and paid-up capital of Sonata Software.
Likely market impact
Streamlined group structure with subsidiary absorbed into the parent; no share dilution since no new equity was issued.