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Virinchi Technologies surges on acquiring majority stake in Asclepius Consulting

05 Sep 2013

Virinchi Technologies is currently trading at Rs 9.00, up by 0.55 points or 6.51% from its previous closing of Rs 8.45 on the BSE.

The scrip opened at Rs 9.00 and has touched a high and low of Rs 9.00 and Rs 7.81 respectively.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 11.00 on 04-Oct-2012 and a 52 week low of Rs 6.25 on 18-Mar-2013.

Last one week high and low of the scrip stood at Rs 8.45 and Rs 7.11 respectively. The current market cap of the company is Rs 14.05 crore.

The promoters holding in the company stood at 28.49% while Non-Institutions held 71.51%.

Virinchi Technologies, a Hyderabad based financial IT products’ company has acquired a majority stake in Asclepius Consulting & Technologies, one of leading Healthcare IT products’ company based out of Bangalore, in an all cash deal. This acquisition is central to the company’s pursuit of a broad based cross-Industry growth strategy across IT products & services, IT enabled business services in the domains of healthcare, education, media & entertainment and financial services.

Asclepius Consulting & Technologies focuses on building value IT products for Indian hospitals. It’s EMR / HIS product - Charak has been recognized as one of the leading Healthcare IT products for the Indian market.

Virinchi Technologies is a software products and services provider in the Retail Micro Lending Industry, with a strong software product portfolio for the deferred presentment financial services industry in the US and UK markets.

Related Virinchi Ltd. Links:

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SEBI Registered: Investment Adviser - INA000013323