OnMobile Global zooms on acquiring 25% equity stake in Technologies rob0

26 May 2020 Evaluate
Onmobile Global is currently trading at Rs. 29.00, up by 1.00 points or 3.57% from its previous closing of Rs. 28.00 on the BSE.

The scrip opened at Rs. 28.00 and has touched a high and low of Rs. 29.00 and Rs. 28.00 respectively. 

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 45.35 on 17-Sep-2019 and a 52 week low of Rs. 12.95 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 30.20 and Rs. 27.40 respectively. The current market cap of the company is Rs. 306.52 crore.

The promoters holding in the company stood at 48.18%, while Institutions and Non-Institutions held 1.94% and 49.88% respectively.

OnMobile Global has acquired 25% equity stake in Technologies rob0 Inc., through its subsidiary Onmobile Global Solutions Canada, in exchange for an investment of CAD 1,000,000. This transaction will allow rob0 to accelerate its growth as the most innovative AI-powered visual retention analytics solution for video game developers.

This investment reaffirms the importance of OnMobile's strategy to become a leader in the mobile gaming market. In addition to its current subscription-based offering of premium games and kids apps, available to more than 50 carriers in over 30 countries, this transaction sets the table for OnMobile to soon introduce a one-of-a-kind gaming offering. Amongst the various synergies, OnMobile will be able to leverage the vast gaming know-how of the rob0 team, which brings several years of experience in the industry, having played key roles for some of the most prominent games behemoths like Electronic Arts, Gameloft and Twitch.

OnMobile is a global leader in mobile entertainment.

Onmobile Global Share Price

60.05 -1.01 (-1.65%)
28-Mar-2024 16:01 View Price Chart
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