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Tecpro Systems surges on acquiring entire shareholding of Eversun Energy

27 Feb 2012 Evaluate

Tecpro Systems is currently trading at Rs. 167.60, up by 1.85 points or 1.12% from its previous closing of Rs. 165.75 on the BSE.

The scrip opened at Rs. 165.55 and has touched a high and low of Rs. 169.30 and Rs. 165.15 respectively. So far 711 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 328.00 on 03-May-2011 and a 52 week low of Rs. 141.00 on 03-Jan-2012.

Last one week high and low of the scrip stood at Rs. 198.45 and Rs. 164.05 respectively. The current market cap of the company is Rs. 850.48 crore.

The promoters holding in the company stood at 52.63% while Institutions and Non-Institutions held 21.38% and 25.99% respectively.

Tecpro Systems has acquired the entire shareholding of Eversun Energy, thereby making it a wholly-owned subsidiary of the company. Tecpro Systems has acquired Eversun Energy pursuant to the decision of committee of directors in their meeting held on February 24, 2012.

Eversun Energy is a Pune based company engaged in the business of EPC of solar power projects.

Tecpro Systems is a leading Engineering Procurement and Construction (EPC) company providing comprehensive range of services in Material Handling to Steel, Cement, Ports, Mining and other industries in Infrastructure sector and coal handling and ash handling, Balance of Plant (BoP) packages for Power Sector.

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