AGC Networks is currently trading at Rs. 243.35, up by 11.35 points or 4.89% from its previous closing of Rs. 232.00 on the BSE.
The scrip opened at Rs. 238.25 and has touched a high and low of Rs. 243.35 and Rs. 235.00 respectively. So far 437 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 456.85 on 26-Feb-2020 and a 52 week low of Rs. 75.05 on 14-Aug-2019.
Last one week high and low of the scrip stood at Rs. 243.35 and Rs. 228.10 respectively. The current market cap of the company is Rs. 744.50 crore.
The promoters holding in the company stood at 69.10%, while Institutions and Non-Institutions held 7.19% and 23.71% respectively.
AGC Networks is going to acquire Fujisoft (along with its associated companies in UAE) through its indirect subsidiary - Black Box Holdings, Cayman Islands. Fujisoft is a technology company committed to bringing the best possible technology solutions to customers in the region. The proposed acquisition is subject to approval from the Department of Economic Development in Dubai and from Abu Dhabi Department of Economic Development for the company in Abu Dhabi.
The acquisition of Fujisoft will substantially increase and strengthen AGC’s presence and offerings in the MEA region. This will also enhance the current solution portfolio of AGC and Black Box across Cloud Computing & Virtualization, Cyber Security, Managed SoC & NoC, Managed Services, Data Center and Collaboration solutions.
AGC Networks (AGC) is a Global Solution Integrator representing the world’s best brands in Unified Communications, Data Center & Edge IT, Cyber Security (CYBER-i), Digital Transformation & Applications including SimpleEdge and Technology Product Solutions (TPS) to evolve the customer’s digital landscape.