Dion gains on completing acquisition of European banking software specialist

04 Sep 2014

Dion Global Solutions is currently trading at Rs 89.10, up by 1.20 points or 1.37% from its previous closing of Rs 87.90 on the BSE.

The scrip opened at Rs 90.50 and has touched a high and low of Rs 90.50 and Rs 88.00 respectively. So far 4730 shares were traded on the counter.

The BSE group 'T' stock of face value Rs 10 has touched a 52 week high of Rs 110.80 on 24-Jul-2014 and a 52 week low of Rs 19.00 on 30-Sep-2013.

Last one week high and low of the scrip stood at Rs. 89.95 and Rs. 83.55 respectively. The current market cap of the company is Rs. 283.76 crore.

The promoters holding in the company stood at 53.31% while Institutions and Non-Institutions held 4.59% and 42.10% respectively.

Dion Global Solutions (Dion), technology partner to the financial services industry, has completed its acquisition of SwissRisk Financial Systems (since renamed Dion Global Solutions GmbH), after initially acquiring a controlling stake in January 2012.

This move enhances the firm's European footprint and highlights the importance of that market to Dion's growth strategy. The technology and expertise inherited through the initial investment is now an integral part of the Dion group. It has underpinned a number of new global solutions designed to address current and future business and regulatory requirements, including: FATCA and tax information reporting, payment initiatives such as SEPA, improved workflow processing and efficient data management.

Dion Global Solutions provides market leading software to financial situations across the globe. Employing over 600 highly experienced and knowledgeable staff within the Finance and IT industries, Dion’s solution covers portfolio management, trading, settlement, risk management, compliance, analytics, messaging and workflow and research services and information products.

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SEBI Registered: Investment Adviser - INA000013323

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