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AGC Networks touches roof on completing acquisition of majority stake in Z Services HQ

08 Apr 2021 Evaluate

AGC Networks is locked at upper circuit limit of Rs. 1613.70, up by 76.80 points or 5.00% from its previous closing of Rs. 1536.90 on the BSE.

The scrip opened at Rs. 1613.70 and has touched a high and low of Rs. 1613.70 and Rs. 1577.00 respectively. So far 848 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,613.70 on 08-Apr-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. 1613.70 and Rs. 1301.00 respectively. The current market cap of the company is Rs. 5249.18 crore.

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

AGC Networks has completed the acquisition of a majority stake in Z Services HQ DMCC, UAE (Z Services HQ) through its indirect subsidiary – Black Box Holdings Cayman Islands.  Z Services HQ is a Cyber security cloud services provider, offering Secure Access Service Edge (SASE), Unified Cloud security, Email Cloud Security / Archiving, Cloud Access Security Broker (CASB), Secure Public Wifi Cloud Services, Cyber Security Awareness Cloud Services, End point detection and response cloud services, combined with service implementation and digital transformation professional services.

The acquisition will help to strengthen presence in the Middle East region and add cloud Cybersecurity services capabilities to offer a wide range of services to customers. This also gives an opportunity to cross sell between current customers of AGC Black Box and Z Services HQ.

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
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