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Blue Star Infotech advances as its arm enters into LOI with Trisept Technology

Blue Star Infotech Ltd. - (Amalgamated) | IT - Software | IT & ITES | BSE: 532346 | NSE: BLUESTINFO

16 Nov 2011 Evaluate

Blue Star Infotech is currently trading at Rs. 69.00, up by 0.20 points or 0.29% from its previous closing of Rs. 68.80 on the BSE.

The scrip opened at Rs. 70.80 and has touched a high and low of Rs. 70.80 and Rs. 68.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 139.90 on 18-Jan-2011 and a 52 week low of Rs. 55.05 on 07-Oct-2011.

Last one week high and low of the scrip stood at Rs. 71.90 and Rs. 68.00 respectively. The current market cap of the company is Rs. 71.45 crore.

The promoters holding in the company stood at 53.32% while Institutions and Non-Institutions held 3.45% and 43.23% respectively.

Blue Star Infotech's wholly owned US subsidiary company - Blue Star Infotech America Inc. (BSIA) has entered into a letter of intent (LOI) with Trisept Technology LLC based in Milwaukee, State of Wisconsin, USA to start a joint venture with expertise in the travel services domain. BSIA shall be the major stakeholder in the proposed joint venture.

The proposed joint venture is likely to be titled as ‘Blue7 Solutions LLC’ and is expected to be a centre of excellence for travel service business for the company. It will further enhance their onsite business capabilities and offerings in the US.

Based in Milwaukee, Trisept Technology LLC, a group company of Mark Travels Inc., delivers technology empowering solutions to the leisure travel industry. The company offers services including dynamic packaging and distribution solutions, supplier distribution platforms, e-marketing expertise, travel agency technology to streamline operations and white papers to medium and large vacation providers in the United States and other countries.

Blue Star Infotech is a part of Blue Star Group, BSIL enables global enterprises derive measurable business outcomes through the efficient use of information technology. BSIL partners with its clients to understand their business pain points and arrive at appropriate IT led interventions to deliver relevant solutions. BSIL is equipped to deliver affordable and flexible solutions through client-friendly and flexible engagement models.

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Blue Star Infotech advances as its arm enters into LOI with Trisept Technology

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