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Datamatics Global soars on getting nod to acquire 71.1% stake in Techjini Solutions

03 Jul 2017 Evaluate

 Datamatics Global Services is currently trading at Rs. 105.30, up by 2.00 points or 1.94% from its previous closing of Rs. 103.30 on the BSE.

The scrip opened at Rs. 104.60 and has touched a high and low of Rs. 106.35 and Rs. 103.00 respectively. So far 5968 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 164.85 on 20-Jan-2017 and a 52 week low of Rs. 57.40 on 21-Jul-2016.

Last one week high and low of the scrip stood at Rs. 106.80 and Rs. 99.95 respectively. The current market cap of the company is Rs. 607.18 crore.

The promoters holding in the company stood at 73.03%, while institutions and non-institutions held 0.98% and 25.99% respectively.

Datamatics Global Services has acquired Board control and will acquire 71.1% equity stake i.e. 39,10,000 fully paid equity shares of Rs 1 each in Techjini Solutions. The company has acquired Board control with effect from July 01, 2017. The company will acquire 71.1% equity stake on or before July 30, 2017.

This step has been taken to further strengthen Datamatics’ enterprise mobility offerings through target company’s range of smart technology solutions. It will enable the acquirer and target company to offer wider and comprehensive suite of solutions to their existing customers and expand operations in India and US.

Datamatics Global Services, a trusted partner to several Fortune 500 Companies is a global provider of Information Technology (IT), Engineering solutions (ES) and Business Process Outsourcing (BPO) services.

Datamatic Global Ser Share Price

722.40 -5.45 (-0.75%)
22-Apr-2026 14:28 View Price Chart
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