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IT services firm Nucleus Software Exports today said it has shut down its step-down subsidiary in Singapore as part of its “rationalisation” efforts.
“In order to rationalise operations, the company has closed down its step down subsidiary — VirStra i-Technology (Singapore) Pte Ltd — with effect from February 19,” Nucleus said in a statement.
The name of the subsidiary has been struck off and published in the final gazette notification issued by Accounting and Corporate Regulatory Authority, Singapore, it added. VirStra i-Technology Services was incorporated in May 2004 in India.
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