Zen Technologies trades in red on the BSE

13 Jun 2013 Evaluate

Zen Technologies is currently trading at Rs. 63.95, down by 1.05 points or 1.62% from its previous closing of Rs. 65.00 on the BSE.

The scrip opened at Rs. 63.95 and has touched a high and low of Rs. 63.95 and Rs. 63.95 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 121.90 on 18-Jun-2012 and a 52 week low of Rs. 62.15 on 25-Mar-2013.

Last one week high and low of the scrip stood at Rs. 71.95 and Rs. 65.00 respectively. The current market cap of the company is Rs. 57.77 crore.

The promoters holding in the company stood at 51.64% while Institutions and Non-Institutions held 0.15% and 48.22% respectively.

Rakesh Jhunjhunwala, an ace stockbroker along with his wife Rekha Jhunjhunwala has exited Zen Technologies by selling their 10.14% stake in the company. Rakesh and his wife Rekha sold 4.5 lakh shares each at an average price of Rs 70 a piece amounting to Rs 6.3 crore.

Zen Technologies bought 8.92 lakh shares and the transaction appears to be part of the company’s offer to buy back its shares. The buyback offer opened on May 9 and will close on October 25 or an exhaustion of the amount of Rs 10 crore earmarked for the purpose. The promoters of Zen Technologies currently hold a majority stake of 51.67% in the company and post buyback their holding would increase to 63.01%. Accordingly, the holding of others including the financial institutions and public will come down from 48.33% to 36.99%.

Zen Technologies, a Hyderabad based company is a pioneer in the design, development and manufacture of world class, state-of-the-art training simulators.   

Zen Technologies Share Price

926.70 -31.55 (-3.29%)
28-May-2024 15:50 View Price Chart
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