Shree Partners company logo

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shreepartners.com

Founded Year

2005

Stage

Acquired | Acquired

Valuation

$0000 

About Shree Partners

Shree Partners is a digital transformation and technology solutions company that helps clients in BFSI and other industries increase profitability by implementing and maintaining innovative cloud, infrastructure, data, and AI/ML solutions that reduce costs and drive revenue.On September 29th, 2021, Shree Partners was acquired by Persistent Systems at a valuation of $6.87M.

Shree Partners Headquarter Location

1, Tower A, Building, Cyber City, Corporate Edge Level, 10 DLF Phase 2

Gurugram, 120002,

India

+91 124 672 8815

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Latest Shree Partners News

Stocks To Watch: Indian Overseas Bank, Zee Entertainment, Blue Dart, GMR Infra, Sterling & Wilson

Sep 30, 2021

30 Sep 2021, 7:34 AM IST 30 Sep 2021, 7:34 AM IST 30 Sep 2021, 7:34 AM IST Save India's equity benchmarks closed lower on Wednesday, dragged by losses in banking, FMCG and auto stocks, despite the surge in the final hour of the session that limited the decline. The S&P BSE Sensex Index shed 0.43% to 59,413.27 while the NSE Nifty 50 Index fell 0.21% to 17,711.30. India's equity benchmarks closed lower on Wednesday, dragged by losses in banking, FMCG and auto stocks, despite the surge in the final hour of the session that limited the decline. The S&P BSE Sensex Index shed 0.43% to 59,413.27 while the NSE Nifty 50 Index fell 0.21% to 17,711.30. Here are the stocks to watch in trade today: Persistent Systems: The company’s wholly owned subsidiary, Persistent Systems Inc., USA, to acquire Software Corporation International and its affiliate Fusion360 LLC for $53 million. The company will acquire Shree Infosoft, India along with certain assets of Shree Partners LLC, USA—the parent company of Shree Infosoft—for $6.87 million. These acquisitions are subject to customary closing conditions which are expected to be completed in a span of 2-5 weeks. Sterling and Wilson Solar: Promoters Shapoorji Pallonji and Company and Khurshed Daruvala have facilitated the repayment of the balance outstanding loans (Rs 741 crore) along with interest accrued till date, by Sterling and Wilson and its subsidiary Sterling and Wilson International FZE to the company and its subsidiary Sterling and Wilson International Solar FZCO respectively. With this, the entire outstanding loans of Rs 2,563 crore along with interest accrued till date has been repaid in full, the company said. Indian Overseas Bank: The bank has exited RBI’s prompt corrective action framework. It is no longer in breach of PCA triggers based on FY21 earnings. IOB has provided a written commitment that it will comply with regulatory requirements. It has also apprised RBI of systemic improvements. GMR Infrastructure: The company’s equity shareholders and secured creditors have approved the composite scheme of amalgamation and arrangement amongst GMR Power Infra, GMR Infrastructure and GMR Power and Urban Infra and their respective shareholders during the NCLT convened meetings. Zee Entertainment Enterprises: Institutional investor, Invesco Fund, has moved NCLT asking Zee Entertainment to call an extraordinary general meeting of shareholders to induct its nominees on the company’s board. Blue Dart Express: The company will raise average shipment price by 9.6% from January 1, 2022. HCL Technologies: The company has launched a 5G Open Radio Access Network lab in India to help telecom companies with 5G transition. Axis Bank: The bank has accepted Executive Director Rajesh Dahiya’s early retirement. The said retirement will be effective after the close of business hours on December 31, 2021. Ashoka Buildcon: The company has acquired balance 40% stake in Ashoka Bettadahalli Shivamogga Road for Rs 2 lakh. ABSRPL is a special purpose vehicle incorporated to execute the project awarded by NHAI. Adani Total Gas: Supreme Court has dismissed company’s appeal in Ahmedabad distribution area. The company in addition to Ahmedabad and Daskori area had claimed authorisation for Sanand, Bavla & Dholka. Offerings Export Credit Guarantee Corporation IPO gets cabinet approval, likely by next fiscal. Aditya Birla Sun Life Asset Management Co.'s initial public offering subscribed 0.58 times on first day. Pledge Share Details Apollo Hospitals Enterprise: Promoters (Suneeta Reddy and Preetha Reddy) revoked pledge of 6 lakh shares on September 28. Bharat Forge: Promoter Sundaram Trading & Investment created a pledge of 75 lakh shares on September 27. Jindal Steel & Power: Promoter Siddeshwari Tradex revoked pledge of 10.25 lakh shares on September 24. As reported on September 29. Bulk Deals Max Healthcare Institute: Veritas Funds PLC bought 52 lakh shares (0.54%) at Rs 350 per share. SBI Mutual Fund bought 4.28 crore shares (4.44%) at Rs 350 per share. HDFC Mutual Fund bought 57 lakh shares (0.59%) at Rs 350 per share. Kayak Investments Holding Pte sold 6.02 crore shares (6.23%) at Rs 350 per share and another 2.42 crore shares (2.51%) at Rs 350.13 per share. HDFC Asset Management Company: Standard Life Investments sold 1.06 crore shares (5%) at Rs 2,873.79 per share. T. Rowe Price Emerging Markets Stock Fund bought 15.19 lakh shares (0.71%) at Rs 2,871.05 per share. Just Dial: Nalanda India Equity Fund sold 10.18 lakh shares (1.64%) at Rs 990.01 per share. Karur Vysya Bank: Olympus India Holdings sold 2.10 crore (2.63%) at Rs 46.62 per share. Sunteck Realty: Tata Mutual Fund bought 11 lakh shares (0.75%) at Rs 465.12 per share. Insider Trades Aegis Logistics: Promoter Trans Asia Petroleum Inc. bought 74,000 shares on September 27. Gujarat Fluorochemicals: Promoter Inox Chemicals LLP sold 60,017 shares between September 24-28. Lincoln Pharmaceuticals: Promoters (Mahendrabhai Patel and Ashish Patel) bought 55,000 shares on September 27. Sequent Scientific: Promoters (Chayadeep Ventures LLP and Hemalatha Pillai) sold 1.34 lakh shares between September 24-28. Vaibhav Global: Promoter Kusum Bardiya sold 50,000 shares on September 28. Promoter Brett Enterprises bought 50,000 shares on September 28. Block Deal Reliance Industries: Societe Generale bought 22.59 lakh shares (0.03%) at Rs 2,525 per share. Credit Suisse (Singapore) sold 22.59 lakh shares (0.03%) at Rs 2,525 per share. Who’s Meeting Whom Graphite India: To meet Fidelity Management Research on September 30. Persistent Systems: To meet investors and analysts on September 30. Trading Tweaks Move Into ASM Framework: Hindustan Oil Exploration Company

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