Netsol Technologies Limited informed Pakistan Stock Exchange that in Board of Directors meeting held on December 03, 2019 the Board of Directors of the Company has recommended the acquisition of 1,487,500 shares in NetSol Innovation (Pvt) Limited from The Innovation Group at the rate of PKR 10/- per share aggregating to PKR 14,875,000 subject to obtaining all necessary corporate and legal approvals and thus making NetSol Innovation (Pvt) Limited as its wholly owned subsidiary. After the purchase of this shareholding, the Company will be in a better position to exercise the necessary controls and supervision as are required to give NIPL a positive turnaround."

The announcement is available at:

https://dps.psx.com.pk/download/document/140024.pdf

NetSol Technologies, Inc. (NASDAQ: NTWK) started its journey as a US based provider with a vision to create superior technology solutions. Relentlessly following our vision we now stand as one of the global leaders in IT Services and Enterprise Solutions.

Delivering quality and customization for over a period of four decades, we offer superior IT solutions that help streamline the operational needs of your business. With more than 150 satisfied clients in over 30 countries and 250 implementations globally, we understand the value of customizability and strive to continually deliver unprecedented solutions which cater directly to your business needs.

© Pakistan Press International, source Asianet-Pakistan