Black Box moves up as its arm inks pact to acquire 100% stake in Global Speech Networks

Black Box Ltd. | Telecommunication - Equipment | Telecom | BSE: 500463 | NSE: BBOX

18 May 2023 Evaluate

Black Box is currently trading at Rs. 139.95, up by 1.05 points or 0.76% from its previous closing of Rs. 138.90 on the BSE.

The scrip opened at Rs. 139.85 and has touched a high and low of Rs. 141.85 and Rs. 139.85 respectively. So far 1364 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 187.00 on 18-May-2022 and a 52 week low of Rs. 84.40 on 21-Mar-2023.

Last one week high and low of the scrip stood at Rs. 150.40 and Rs. 138.45 respectively. The current market cap of the company is Rs. 2350.66 crore.

The promoters holding in the company stood at 71.14%, while Institutions and Non-Institutions held 5.72% and 23.15% respectively.

Black Box’s indirect wholly owned subsidiary -- Black Box Technologies Australia has entered into a Share Purchase Agreement with Rhomax (Seller 1), Nafeld (Seller 2), Feldhed (Seller 3), Peter Thomas Brannighan and Leonie Gaye Brannighan (Seller 4), and JLF Management Consultants (Seller 5) on May 17 , 2023, to acquire 100% of shares of Global Speech Networks (‘Target Company being limited liability company incorporated under laws of Australia’), for total consideration of around AUD 2.5 million subject to working capital adjustments at closing.

Global Speech Networks is into the business of providing design, configuration, implementation, integration and ongoing service & support services for the GSN Genesys Engage and the Genesys Cloud contact center solutions. The said acquisition is anticipated to be completed within 60 days of signing the share purchase agreement. The said acquisition of Target Company will help the company to strengthen its presence in Australia and also add Genesys capability to its services in ANZ region This will also give rise to an opportunity to cross sell to the current customers.

Black Box is a trusted IT solutions provider delivering cutting-edge technology solutions and world-class consulting services to businesses around the globe.

Black Box Share Price

640.40 22.70 (3.67%)

30-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Tejas Networks	414.70
ITI	298.80
Sedemac Mechatronics	1843.80
Black Box	640.40
Quadrant Televenture	0.38
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