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AGC Networks advances as its arm concludes acquisition of business of Ensource

02 Jun 2015 Evaluate

AGC Networks is currently trading at Rs. 121.00, up by 1.70 points or 1.42% from its previous closing of Rs. 119.30 on the BSE.

The scrip opened at Rs. 121.00 and has touched a high and low of Rs. 125.00 and Rs. 118.20 respectively. So far 6,956 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 157.90 on 28-May-2015 and a 52 week low of Rs. 58.00 on 01-Sep-2014.

Last one week high and low of the scrip stood at Rs. 157.90 and Rs. 118.10 respectively. The current market cap of the company is Rs. 344.00 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 8.25% and 16.75% respectively.

AGC Networks - indirectly wholly owned subsidiary of the company at US - AGC Networks Inc., has completed the acquisition of the business of Ensource, Inc. based in Jacksonville, Florida.

Ensource is an ICT solutions integrator focused on the healthcare and public sectors. This combination provides AGC Networks Inc. a strong footprint of enterprise customers and personnel in the southeastern USA and greatly expands the domain expertise in the complex healthcare vertical market. AGC Networks Inc. acquired the business of Ensource, Inc. on June 01, 2015, and the acquisition was completely funded through internal operating funds of AGC Networks Inc.

AGC Networks is India’s leading intelligent communications solution provider delivering business solutions that help organizations accelerate revenue growth, increase market penetration, optimize operating costs and improve employee productivity, by embedding communication in their business processes.


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