SONATA SOFTWARE LTD - CAUSE FOR EXPECTATIONS

Article Abstract:

Sonata Software Ltd (SSL) makes software products and offers consultancy in information technology (IT). It is the distributor for the full range of Microsoft products and sole distributor of the Work Group range. SSL plans to issue 25.22 lakh equity shares. The proceeds of the issue will be used for expansion and computing the communication infrastructure of its software development facilities in Bangalore. Its equity now is Rs7.48 crore. After the issue, its equity will be Rs10 crore. SSL has marketing and sales offices in New Jersey and London. (uh) sk factor is that a winding up petition has been filed against SLIS in the Mumbai High Court. The equity of SLIS now is Rs6.74 crore. Post-issue, its equity will be Rs13.48 crore. Its promoters hold 44.73 percent stake and the public 45.82 percent in SLIS. SLIS has been changing its name. Once it was Synergy Credit Corporation Ltd. (uh)

Sonata Software Ltd.

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MM SOFTWARE TO SET UP 100% EoU

Article Abstract:

MM Software Ltd (MSL) is establishing a Rs2 crore 100 percent export-oriented unit. This unit will be established at the Software Technology Park in the Electronic City in Bangalore. MSL proposes to consolidate its base in Kenya, Singapore, UK and other European nations to take up software activities. It also proposes to upgrade its office facilities and the marketing office at Boston in USA. (ag)

MM Software Ltd

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