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Adroit Infotech gains on entering into share purchase agreement with US based ERP Solutions Company

24 Apr 2024 Evaluate

Adroit Infotech is currently trading at Rs. 20.20, up by 0.20 points or 1.00% from its previous closing of Rs. 20.00 on the BSE.

The scrip opened at Rs. 20.95 and has touched a high and low of Rs. 21.00 and Rs. 20.20 respectively. So far 71726 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 23.29 on 18-Sep-2023 and a 52 week low of Rs. 11.49 on 04-Jul-2023.

Last one week high and low of the scrip stood at Rs. 21.00 and Rs. 17.26 respectively. The current market cap of the company is Rs. 110.99 crore.

The promoters holding in the company stood at 38.45%, while Non-Institutions held 61.55% stake in the company.

Adroit Infotech has entered into non-binding share purchase agreement with a US based ERP Solutions Company. This step will enable Adroit Infotech to move closer to its strategic objective to build sustainable organization that remains relevant to the agenda of its clients. 

On Completion of this Acquisition, Adroit will increase its North America presence significantly. This Acquisition will allow Adroit to sell other ERP Solutions (Oracle) along with SAP Solutions. In addition to the said, consolidated revenues on acquisition would increase by 3-4 multiples.

Adroit Infotech is engaged in providing consultancy services.


Adroit Infotech Share Price

10.20 0.75 (7.94%)
22-Apr-2026 13:30 View Price Chart
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