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California Software touches the roof on getting nod to sell shares of subsidiary company

26 Dec 2017 Evaluate

California Software Company is currently trading at its upper circuit limit of Rs. 102.90, up by 4.90 points or 5.00% from its previous closing of Rs. 98.00 on the BSE.

The scrip opened at Rs. 93.10 and has touched a high and low of Rs. 102.90 and Rs. 93.10 respectively. So far 29324 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 113.95 on 21-Dec-2017 and a 52 week low of Rs. 5.68 on 22-Aug-2017.

Last one week high and low of the scrip stood at Rs. 113.95 and Rs. 89.20 respectively. The current market cap of the company is Rs. 127.24 crore.

The promoters holding in the company stood at 51.00%, while the Non-Institutions held 49.00% stake in the company.

California Software has received an approval to sell shares of subsidiary company i.e. Aspire Communications. The Board of Directors of the company at their meeting held on December 23, 2017, approved the same.

The Board also approved the issuance of 38,00,000 Equity Shares at a price of Rs 100 each (Which includes premium of Rs 90) on Preferential Allotment Basis to Prashant Khattar for the exchange of his 60% fully diluted equity shares of Infinia Solutions and Services PTE (Share swapping Transaction) and the conversion of unsecured Loan of Rs 35,10,80,000 in to 35,10,800 Optionally Convertible Redeemable Preference Shares (OCRPS) at a price of Rs 100 each (Which includes premium of Rs 90) to Chemoil Advanced Management Services (CAMS).

California Software Company is a global Product Engineering and Enterprise Solutions company with a strong background in development and implementation.

California Software Share Price

12.30 0.29 (2.41%)
17-Apr-2026 16:59 View Price Chart
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