Brescon Advisors & Holdings trades in green on the BSE

Brescon Advisors & Holdings is currently trading at Rs. 102.00, up by 0.65 points or 0.64% from its previous closing of Rs. 101.35 on the BSE.

The scrip opened at Rs. 104.75 and has touched a high and low of Rs. 104.75 and Rs. 102.00 respectively. So far 160 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 120.00 on 18-May-2012 and a 52 week low of Rs. 40.00 on 18-Nov-2011.

Last one week high and low of the scrip stood at Rs. 106.45 and Rs. 100.15 respectively. The current market cap of the company is Rs. 35.72 crore.

The promoters holding in the company stood at 58.31% while Non-Institutions 41.69% respectively.

Brescon Advisors & Holdings has entered into binding business transfer agreement and ancillary agreement / deeds on July 02, 2012 to sell its advisory business undertaking to its wholly owned subsidiary - Brescon Corporate Advisors, as a going concern on slump sale basis.

The above transaction is in accordance with the approval given by the board of directors at its meeting on February 02, 2012 and subsequently, approved by the shareholders by postal ballot on March 22, 2012.

Brescon Advisors & Holdings offer wide range of services in the field of debt solution, equity solution and advisory services. It is a leading corporate advisory company in India.