Four Soft spurts on selling its core business for $43.4 million

13 Sep 2013

Four Soft is currently trading at Rs. 30.15, up by 0.65 points or 2.20 % from its previous closing of Rs. 29.50 on the BSE.

The scrip opened at Rs. 30.95 and has touched a high and low of Rs. 30.95 and Rs. 29.80 respectively. So far 1300 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 33.40 on 10-Sep-2013 and a 52 week low of Rs. 8.11 on 30-Oct-2012.

Last one week high and low of the scrip stood at Rs. 33.40 and Rs. 29.35 respectively. The current market cap of the company is Rs. 119.61 crore.

The promoters holding in the company stood at 23.95% while Institutions and Non-Institutions held 11.06% and 64.99% respectively.

Four Soft has sold its core business and some investments to UK-based company Transport IT Solutions for $43.4 million (approx Rs 275 crore).

Earlier, the company’s board approved the acquisition of business and certain investments of Four Soft by Transport IT Solutions, a Kewill Group Company, for an aggregate consideration of $43.4 million.

Four Soft is a global leader offering software solutions for the logistics and transportation industry. It provides innovative and integrated enterprise solutions ensuring customer satisfaction. Four Soft software engineers are providing solutions to enterprises across the SCM market place.

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