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Datamatics Global gains on inking definitive agreement to acquire controlling stake in TechJini

04 Jul 2017 Evaluate

Datamatics Global Services is currently trading at Rs. 106.50, up by 2.00 points or 1.91% from its previous closing of Rs. 104.50 on the BSE.

The scrip opened at Rs. 106.00 and has touched a high and low of Rs. 111.50 and Rs. 104.15 respectively. So far 59,120 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. 111.50 and Rs. 100.50 respectively. The current market cap of the company is Rs. 627.81 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 signed a definitive agreement to acquire a controlling stake in TechJini, a boutique mobile and web application development company, headquartered in Bangalore. The objective of this acquisition is to further strengthen Datamatics’ mobility offerings through TechJini’s range of smart technology solutions.

TechJini is a leading software services company with a presence in the US, and has a specialized focus on digital experiences and mobile based web application development and maintenance services. With 250 employees, TechJini caters to over 35 companies across business verticals such as media, engineering, manufacturing and start-ups. TechJini is one of the first 13 companies in the world to be certified under the Google Developer Agency Program.

Samvad Partners, Strta Consulting, and Nicety Management Consulting acted as advisors to the parties on this transaction. 


Datamatic Global Ser Share Price

729.30 -18.40 (-2.46%)
20-Apr-2026 16:59 View Price Chart
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