Dion Global Solutions is currently locked at its upper circuit limit of Rs. 33.50, up by 1.55 points or 4.85% from its previous closing of Rs. 31.95 on the BSE.
The scrip opened at Rs. 33.50 and has touched a high and low of Rs. 33.50 and Rs. 33.50 respectively. So far 1,406 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 70.00 on 13-May-2011 and a 52 week low of Rs. 28.00 on 24-Nov-2011.
Last one week high and low of the scrip stood at Rs. 33.50 and Rs. 29.05 respectively. The current market cap of the company is Rs. 146.00 crore.
The promoters holding in the company stood at 63.90% while Institutions and Non-Institutions held 6.74% and 29.36% respectively.
Dion Global Solutions, a specialist provider of software products and solutions for capital markets globally has inked a memorandum of understanding (MOU) with Mahindra Satyam, a leading global consulting and IT services provider, pursuant to which Mahindra Satyam will acquire a strategic stake in Dion.
As a result of this development, Mahindra Satyam has agreed to acquire a significant minority stake by way of fresh issue of equity shares, subject to regulatory and board approvals and satisfaction of other customary closing conditions.
Dion Global Solutions has a portfolio of cutting-edge solutions and services for global capital markets covering portfolio management, trading, settlement, risk management, analytics, treasury and research services, and services more than 660 clients in 62 countries. The proceeds from the investment under consideration will be utilised by Dion to further enhance its offerings and its geographic reach.
