Sonata Software up 10% after big block deal worth Rs 16 cr

Sonata Software gained as much as 10 percent on Wednesday after more than 6 percent equity (63,58,371 shares) changed hands at Rs 24.85 a share on the Bombay Stock Exchange. The block deal was worth Rs 15.8 crore.

Promoters hold 37.8 percent stake in the company as on December 31, 2012. Meanwhile, other than promoters like Orange Mauritius Investments hold 4.24 percent stake and Teen Lok Advisory Services Pvt Ltd 1.9 percent.

Excelsior Construction Company Pvt Ltd and Srikar P Reddy have more than 1 percent holding in the company.

At 09:25 hours IST, shares rose 7.65 percent to Rs 26.75 on BSE.
 
In the previous trading session (Tuesday), the stock went up 2.47 percent to close at Rs 24.85. Market capitalisation of the company currently stands at Rs 281.30 crore.