Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Gemini Communication acquires Chennai based Veeras Infotech

Posted On: 2008-06-16 06:52:26


Gemini Communication Ltd (GCL), one of India's most innovative IT & Networking Company has acquired a majority stake in privately held Veeras Infotek, a Chennai based Rs 50 Crore security and availability solution provider. The deal valued at around Rs 7 crores is funded through internal accruals of GCL.

Veeras Infotek is a strategic addition to GCL's network security business. The acquisition will extend GCL's network security and Business Continuity capabilities and increase the Company's client base.

Veeras Infotek's pioneering work in the areas of Virtualisation, Collaboration, Business Service Management, Information Security and Business Continuity is well recognized and appreciated in Corporate India.

"The addition of Veeras infotek will advance GCL's vision of becoming a major player in network security space" said Mr. R Ram Kumar, Executive Director, GCL. The market for this space has very few Companies with the required skill set to address the demand. The potential for a quality player in Network Security, Availability, Business Continuity, Business Intelligence & Services Management segment with a good reach will generate multi fold opportunities.

"Veeras Infotek's solutions, talent and customers, complement GCL's business. We are keen on retaining & growing the senior management of Veeras infotek and will extend our expertise.

The stock closed the day at Rs.203.50, up by Rs.9.65 or 4.98%. The stock hit an intraday high of Rs.203.50 and low of Rs.195.75.

The total traded quantity was 12713 compared to 2 week average of 51913.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Maruti Suzuki commences production and export of Jimny from India

Mindtree helps Aflac Simplify Claims Experience for Customers

Birla Precision Technologies Limited allots 84,31,703 Equity Shares at Rs. 5.93 to promoter

L&T Construction bags large contracts for its Power Transmission & Distribution Business in Bangladesh

AGEL commissions 150 MW Solar Power Plant at Kutchh, Gujarat, 3 months ahead of schedule

Diamines and Chemicals Limited acquires Industrial Plot in Dahej Industrial Estate

2021 is the Year of Bank & FinTech Collaboration: MD and CEO of Equitas Small Finance Bank

Vedanta's first COVID Vaccination held at its Jharsuguda Aluminium plant, Odisha

Larsen & Toubro Infotech Limited announces resignation of CFO

HERE partners with Ramco Systems to add location intelligence

Metropolis Healthcare Limited provides business updates for Q3FY21

CARE upgrades rating of Gayatri Projects Limited

Arfin India Ltd posts higher PAT of Rs. 1.26 crore in Q3FY21

Welspun Specialty Solutions Ltd receives remibursement of power subsidy of Rs. 9.09 crore

Indian Bank board to consider fund raising on Jan 22, 2021

ICICI Lombard General Insurance Company Limited reports Q3FY21 earnings

JSW Ispat Special Products Ltd Q3FY21 consolidated net profit at Rs. 29.93 crore

Tata Steel BSL Ltd Q3FY21 consolidated net profit at Rs. 913.19 crore

Larsen & Toubro Infotech Ltd Q3FY21 consolidated PAT at Rs. 518.7 crore

Skipper Ltd reports consolidated net profit of Rs. 11.45 crore in Q3FY21

TV18 Broadcast Ltd reports consolidated PAT of Rs. 213.65 crore in Q3FY21

First tranche of Rs. 26.10 crore received by Prince Pipes from Prince Marketing

Infosys Builds applied AI Cloud, part of Infosys Cobalt

Tata Consumer Products recognized for its sourcing practices at CII Food Future Foundation (FFF) for Sustainable Sourcing 2020

NMDC Receives Platinum Award in Metal & Mining for Shiksha Sahayog Yojana

Adani and TOTAL deepen their strategic alliance in Sustainable Energy

Tata Communications Ltd Q3FY21 consolidated net profit at Rs. 309.15 crore

Medicamen Biotech Ltd to upgrade Bhiwadi plant as per CGMP norms

DCM Shriram Ltd board declares interim dividend of Rs. 5.50

Hatsun Agro Product Ltd updates on status of CAPEX projects

Vardhman Special Steels Ltd Q3FY21 net profit soars to Rs. 21.66 crore

CEAT Ltd Q3FY21 consolidated net profit at Rs. 132.14 crores

TATA Metaliks Ltd Q3FY21 net profit at Rs. 75.18 crore

DCM Shriram Ltd posts jump in Q3FY21 consolidated PAT to Rs. 252.55 crore

Alembic Pharmaceuticals Ltd Q3FY21 consolidated PAT of Rs. 292.57 crore

Hatsun Agro Product Ltd posts net profit of Rs. 67.31 crore in Q3FY21

Wardwizard Innovations & Mobility Limited Q3 net profit at Rs. 0.74 crore

Mold-Tek Packaging Ltd Q3 consolidated PAT higher at Rs. 14.93 crore

Gateway Distriparks Ltd Q3FY21 consolidated net profit surges to Rs. 32.74 crore

Nibe Limited enters into MOU with BEL Optronic Devices Ltd

HT Media Ltd posts consolidated PAT of Rs. 3.26 crore in Q3

Bank of Maharashtra Q3 consolidated PAT at Rs. 154.48 crore

Adani signs concession agreement with AAI for three airports

Thomas Cook India opens franchise - Gold Circle Partner - outlet in Gandhinagar

Eurocor Tech GmbH launches innovative long-length sizes further optimizing its peripheral Drug coated balloon system Freeway™ 035

BHEL wins Institute of Chartered Accountants of India's National Award 2019-20 for Excellence in Financial Reporting

Steel Strips Wheels Ltd bags export order for over 37,000 wheels

Escorts Ltd becomes first company to get Budni Certification in India for Electric Tractor

Man Industries India Limited receives news orders of Rs. 250 crores

CSB Bank Q3FY21 PAT at Rs. 53.05 crore



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020