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AGC Networks soars as its arm enters into share sale agreement with Z Services Holding

12 Mar 2021 Evaluate

AGC Networks is currently trading at Rs. 1005.00, up by 12.65 points or 1.27% from its previous closing of Rs. 992.35 on the BSE.

The scrip opened at Rs. 1003.00 and has touched a high and low of Rs. 1005.00 and Rs. 981.05 respectively. So far 45 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1031.00 on 25-Feb-2021 and a 52 week low of Rs. 205.20 on 08-Apr-2020.

Last one week high and low of the scrip stood at Rs. 1022.00 and Rs. 965.60 respectively. The current market cap of the company is Rs. 3172.28 crore.

The promoters holding in the company stood at 68.93%, while Institutions and Non-Institutions held 6.91% and 24.15% respectively.

Black Box Holdings, Indirect Wholly-Owned Subsidiary of AGC Networks, has entered into a Share Sale Agreement with Z Services Holding, a BVI business company incorporated in the British Virgin Islands on March 11, 2021, to acquire 76% of shares of Z Services HQ DMCC (Target Company being limited liability company incorporated under laws of Dubai Multi Commodities Center), for total consideration of approximately $ 3.94 million, payable at the time of closing.

The said acquisition is anticipated to be completed within 60 days of signing the share purchase agreement.

AGC Networks (AGC) is a Global Solution Integrator representing the world’s best brands in Unified Communications, Data Center & Edge IT, Cyber Security (CYBERi), Digital Transformation & Applications including Simple-Edge and Technology Product Solutions (TPS) to evolve the customer’s digital landscape.

Black Box Share Price

529.35 2.35 (0.45%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Tejas Networks 406.95
ITI 294.45
Sedemac Mechatronics 1636.60
Black Box 529.35
Quadrant Televenture 0.40
View more..

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