E2E Networks Limited Incorporates Sovcloud Technologies as Wholly Owned Subsidiary
E2E Networks Limited has successfully incorporated Sovcloud Technologies Limited as its wholly owned subsidiary. The incorporation of the new entity was completed with effect from June 17, 2026.The newly formed company, which falls within the IT Industry, is dedicated to datacenter operations and related technological services. The objects of Sovcloud Technologies Limited include running managed, on-managed, or value added hosted solutions for datacenters. Furthermore, it is intended to provide provisioning, monitoring, and billing tools that enable datacenters to offer basic or value-added services to their clients. The company’s mandate also covers publishing, selling, reselling, and licensing research and intellectual property rights pertaining to computing, networking infrastructure, energy efficiency, and related areas.
Details regarding the subsidiary and its formation were confirmed through internal records:
| Particular | Detail |
|---|---|
| Subsidiary Name | Sovcloud Technologies Limited |
| Incorporation Date | June 17, 2026 |
| Industry | IT Industry |
| Authorized Capital | Rs. 10,00,000/- |
| Paid-up Share Capital | Rs. 1,00,000/- |
E2E Networks Limited acquired 100% of the share capital in Sovcloud Technologies Limited. This ownership comprises 10,000 equity shares of Rs. 10 each. The subsidiary is a newly incorporated company and currently holds Nil turnover.
The transaction related to the acquisition was conducted through a cash/banking channel. E2E Networks Limited subscribed to the Equity Shares at a cost of Rs. 1,00,000/- in cash. While this incorporation constitutes a related party transaction (RTP), it has been confirmed that the transaction was executed at arm’s length price.
E2E Stock Price Movement
E2E Networks Limited gained 1.41% today in post-market trading, settling at ₹386.40 after the market closed. The stock saw significant activity, with a total traded volume reaching 1.24 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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