Sonata Software Limited (BSE:532221) signed a definitive agreement to acquire Encore IT Services Solutions Private Limited from shareholders for INR 90 million on July 28, 2021. Encore IT Services Solutions reported a revenue of approximately INR 350 million. The transactions is subject to various regulatory approvals and is expected to complete within 180 days.

As of January 27,2022, transaction is delayed due to delay in the closing deliverables expected to complete the same in the next 90 days.