Prism Informatics is currently trading at Rs. 27.00, up by 1.05 points or 4.05% from its previous closing of Rs. 25.95 on the BSE.
The scrip opened at Rs. 27.00 and has touched a high and low of Rs. 27.00 and Rs. 27.00 respectively.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 85.40 on 22-Sep-2011 and a 52 week low of Rs. 16.15 on 08-May-2012.
Last one week high and low of the scrip stood at Rs. 28.20 and Rs. 25.45 respectively. The current market cap of the company is Rs. 39.87 crore.
The promoters holding in the company stood at 2.09% while Institutions and Non-Institutions held 0.07% and 97.83% respectively.
Prism Informatics - wholly owned subsidiary - Prism Informatics Inc, has entered into an agreement to acquire additional stake of 20.01% from Glyce Gibson, second major shareholder of IDHA. With this acquisition, the company will be the largest shareholder of IDHA. Besides, Prism Group stake in IDHA will increase from 20.28% to 40.29%.
However, the above transaction is subject to closing conditions to be fulfilled by July 01, 2012 or such other extended date as parties may mutually agree.
IDHA is fast-growing, global, new-generation consulting firm offering strategic advisory services to optimize revenues and drive down costs for its clients providing wide range of products and services for major industry verticals.
Prism Informatics is one of the fastest growing software development companies, with most of its business coming from its ever satisfied repeat customers. A midsized software development company, Prism's focus has been on delivering cutting edge software solutions coupled with building client relationships.
