Northgate Technologies Ltd has announced that "Social Media India Ltd", India based subsidiary Company has been formed. Social Media India Ltd is focused to tap the online advertising and other internet transaction services industry in India.

Mr. Vishnu Vardhan Induri, head of Bharatstudent.com has been appointed as Managing Director of "Social Media India Ltd".

The stock was trading at Rs.1234.50, up by Rs.39.95 or 3.34%. The stock hit an intraday high of Rs.1237 and low of Rs.1220.15. The total traded quantity was 855 compared to 2 week average of 12605.

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