AGC Networks zooms as its arm enters into SPA to acquire entire stake in Dragonfly Technologies

13 Sep 2021 Evaluate

AGC Networks is currently trading at Rs. 1218.50, up by 57.40 points or 4.94% from its previous closing of Rs. 1161.10 on the BSE.

The scrip opened at Rs. 1196.00 and has touched a high and low of Rs. 1219.15 and Rs. 1196.00 respectively. So far 1466 shares were traded on the counter.

The BSE group 'T ' stock of face value Rs. 10 has touched a 52 week high of Rs. 1771.00 on 27-Apr-2021 and a 52 week low of Rs. 316.30 on 14-Sep-2020.

Last one week high and low of the scrip stood at Rs. 1161.10 and Rs. 895.00 respectively. The current market cap of the company is Rs. 3965.22 crore.

The promoters holding in the company stood at 71.18%, while Institutions and Non-Institutions held 6.57% and 22.26% respectively.

AGC Networks’ Indirect Wholly-Owned Subsidiary -- Black Box Technologies Australia Pty has entered into a Share Purchase agreement (SPA) with KAK Nominees Pty, Cylaiako Nominees Pty and CTA Consulting Pty, to acquire 100% of shares of Dragonfly Technologies Pty, for total consideration of approximately Australian Dollar 7.43 million, payable 50% at the time of closing and remaining 50% on performance based earn-outs over a period of 3 years from closing.

Dragonfly Technologies Pty is into the business of providing Cyber Security Solutions, Enterprise Networking Solutions and Automation & Consulting services. The said acquisition is anticipated to be completed within 90 days of signing the share purchase agreement subject to approvals from Foreign Investment Review Board (FIRB).

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

246.20 0.00 (0.00%)
18-May-2024 12:50 View Price Chart
Peers
Company Name CMP
ITI 312.85
Tejas Networks 1204.05
Quadrant Televenture 2.02
Black Box 246.20
Avantel 119.00
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