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04-Jul2017

Saksoft gains on concluding acquisition of balance 24% stake in 360 logica

Saksoft is currently trading at Rs. 217.50, up by 0.75 points or 0.35% from its previous closing of Rs. 216.75 on the BSE.

The scrip opened at Rs. 219.95 and has touched a high and low of Rs. 220.00 and Rs. 217.50 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 333.00 on 12-Jan-2017 and a 52 week low of Rs. 152.00 on 22-Nov-2016.

Last one week high and low of the scrip stood at Rs. 225.00 and Rs. 211.00 respectively. The current market cap of the company is Rs. 217.50 crore.

The promoters holding in the company stood at 72.59%, while Institutions and Non-Institutions held 0.37% and 27.05% respectively.

Saksoft has completed the acquisition of balance 24% of equity stake in Threesixty Logica Testing Service (360 logica). Consequently, 360 logica has now become a wholly owned subsidiary of the company.

Recently, the company had received an approval to acquire the balance 24% of equity stake in 360 logica for amount not exceeding Rs 700 lakh. The board of directors at their meeting held on June 30, 2017, had approved for the same.

Saksoft offers the complete stack of services in the Information Management / Business Intelligence area from Consulting, building Data-warehouse and providing Analytics solution.



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