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California Software shines on the bourses

03 May 2018 Evaluate

California Software Company is currently trading at Rs. 42.00, up by 1.65 points or 4.09% from its previous closing of Rs. 40.35 on the BSE.

The scrip opened at Rs. 42.00 and has touched a high and low of Rs. 42.00 and Rs. 42.00 respectively. So far 636 shares were traded on the counter.

The BSE group 'B' 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. 42.00 and Rs. 36.65 respectively. The current market cap of the company is Rs. 51.93 crore.

The promoters holding in the company stood at 50.84%, while Non-Institutions held at 49.16%.

California Software Company (Calsoft) has received an approval for signing of  Memorandum of Understanding (MoU) to acquire a majority stake in UAE based Solutions MiddleEast DMCC (SME), established in 1996 and providing Virtualization, Mobility, Networking for Datacenter, Networking for Apps and Mobile Security in the Middle East and Asia region including GCC countries like UAE, Qatar, Oman, Saudi Arabia, Africa and India. The Board of the company at its meeting held on May 02, 2018, approved the same.

This acquisition makes Calsoft as global leadership in the space of software development, digital and security solutions. Consideration for the acquisition might be in cash or share or combination of both and thereby making SME as Calsoft’s subsidiary.

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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