Hinduja Ventures is currently trading at Rs. 505.90, up by 9.80 points or 1.98% from its previous closing of Rs. 496.10 on the BSE.
The scrip opened at Rs. 511.00 and has touched a high and low of Rs. 511.00 and Rs. 503.10 respectively. So far 820 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 600.70 on 01-Nov-2016 and a 52 week low of Rs. 365.10 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 519.00 and Rs. 495.60 respectively. The current market cap of the company is Rs. 1039.90 crore.
The promoters holding in the company stood at 70.82%, while institutions and non-institutions held 4.69% and 24.49% respectively.
Hinduja Ventures has disinvested 61,147,056 equity shares of Hinduja Energy (India) at a profit and fully realized the sales proceeds. This step has been taken pursuant to the board of directors meeting held on October 26, 2016 and December 22, 2016 whereby the board had approved disinvestment of shares of Hinduja Energy (India).
In November 2013, the company had invested in 61,147,056 equity shares of Rs 10 each of Hinduja Energy (India) at aggregate value of Rs 187.10 crore.
Formerly known as Hinduja TMT, Hinduja Ventures is part of the Hinduja Group companies. It is an outsourcing company that provides IT services and BPO/contact center services to customers.
