Black Box Ltd.

AGC Networks is currently trading at Rs 126.70, up by 0.70 points or 0.56% from its previous closing of Rs 126.00 on the BSE.

The scrip opened at Rs 129.45 and has touched a high and low of Rs 129.65 and Rs 124.00 respectively. So far 3035 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 235.90 on 14-Jan-2013 and a 52 week low of Rs 71.50 on 20-Mar-2012.

Last one week high and low of the scrip stood at Rs 134.85 and Rs 122.35 respectively. The current market cap of the company is Rs 360.10 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 6.52% and 18.48% respectively.

AGC Networks Inc., an US subsidiary of AGC Networks, has acquired business of Transcend United Technologies LLC, North America. This acquisition is in line with AGC’s 10 growth strategy offering seamless delivery of 10 key solutions, through 10 key alliances across 10 key geographies. The acquisition of business of Transcend positively impacts solution offerings, newer alliances and prominent in roads in the large US market. It represents a strategic opportunity for AGC and Transcend to combine their respective strengths in innovation, technology and customer experience to offer clients the industry’s leading suite of technology solutions.

Together, AGC and the business of Transcend will provide clients with intelligent solutions that address the growing need for unified technology systems in enterprise organizations spanning multiple industries.

Transcend United Technologies, having annual revenue of about $43 million and 130 employees, is a solution provider and technology integrator focused on unified communications, data center infrastructure and managed services. Transcend maintains its offices across East coast, Mid-West and Central US.

AGC Networks is India’s leading intelligent communications solution provider delivering business solutions that help organizations accelerate revenue growth, increase market penetration, optimize operating costs and improve employee productivity, by embedding communication in their business processes.