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Info-Drive Software shines on getting nod to raise additional capital up to Rs 100 crore

03 Mar 2014 Evaluate

Info-Drive Software is currently trading at Rs. 8.39, up by 0.22 points or 2.69% from its previous closing of Rs. 8.17 on the BSE.

The scrip opened at Rs. 8.50 and has touched a high and low of Rs. 8.50 and Rs. 7.83 respectively. So far 250 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 10.15 on 05-Feb-2014 and a 52 week low of Rs. 2.62 on 05-Aug-2013.

Last one week high and low of the scrip stood at Rs. 9.55 and Rs. 8.08 respectively. The current market cap of the company is Rs. 37.83 crore.

he promoters holding in the company stood at 8.40% while Institutions and Non-Institutions held 30.94% and 60.66% respectively.

Info-Drive Software has received an approval to raise an additional capital not exceeding Rs 100 crore by way of QIP/ Warrants/FCCB/ FCEB/Private Placements/ ADR/GDR. The board of directors at its meeting held on February 28, 2014 has approved for the same. The board also approved to increase the authorized share capital of the company from Rs 70 crore to Rs 100 crore.

Info-Drive Software, is a multi-dimensional Technology and Business Services Company offering -Specialized expertise in Applications Deployment and Banking Solutions, Remote Infrastructure Management, Biometric Solutions at enterprise level and Back-office transaction processing in Healthcare and Benefit Administration domains.

Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
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