Datamatics Global Services Limited has acquired additional 10% Equity Stake i.e. 5,50,000 fully paid Equity Shares of Rs. 1/- each in Datamatics Digital Limited (Earlier known as Techjini Solutions Private Limited), the Subsidiary Company.
The objective of this acquisition is to further strengthen Datamatics' enterprise mobility offerings through target Company's range of smart technology solutions. It will enable the acquirer and target Company to offer wider and comprehensive suite of solutions to their existing customers and expand operations in India and US.
With acquisition of additional 10% stake, the Company's stake in Datamatics Digital Limited increases to 81.1%.
The cost of acquisition is paid through cash consideration of Rs. 5,50,00,000/- (INR Five Crore Fifty Lakhs only).
Shares of DATAMATICS GLOBAL SERVICES LTD. was last trading in BSE at Rs.104 as compared to the previous close of Rs. 103.95. The total number of shares traded during the day was 5543 in over 76 trades.
The stock hit an intraday high of Rs. 104.7 and intraday low of 102.75. The net turnover during the day was Rs. 577303.