Accel Frontline touches roof on concluding sale of ASTL to StarHub

11 Jul 2017 Evaluate

Accel Frontline is locked at upper circuit limit at Rs. 52.85, up by 2.50 points or 4.97% from its previous closing of Rs. 50.35 on the BSE.

The scrip opened at Rs. 52.80 and has touched a high and low of Rs. 52.85 and Rs. 52.80 respectively.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 81.80 on 27-Apr-2017 and a 52 week low of Rs. 43.00 on 06-Jul-2017.

Last one week high and low of the scrip stood at Rs. 52.85 and Rs. 43.00 respectively. The current market cap of the company is Rs. 157.29 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 0.10% and 24.90% respectively.

Accel Frontline has completed the sale of its entire shareholding in Accel Systems & Technologies, Singapore (ASTL) to StarHub on July 10, 2017. Pursuant to the aforesaid sale, ASTL is now no longer a subsidiary of the company.

Accel Frontline provides integrated information technology services to small, medium, and large enterprises.

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