Stock Report

Datamatics Staffing Services Ltd becomes fully owned subsidiary of Datamatics Global Services Ltd



Posted On : 2022-01-20 20:21:31( TIMEZONE : IST )

Datamatics Staffing Services Ltd becomes fully owned subsidiary of Datamatics Global Services Ltd

The Board of Directors of Datamatics Global Services Limited ("the Company/DGSL") at its Meeting held on January 20, 2022, has approved, to acquire 2.58% stake in Datamatics Staffing Services Limited ("DSSL"), a subsidiary of the Company from the Promoters and other existing shareholders.

Datamatics Staffing Services Limited is a subsidiary of the Company ("the Company") in which it holds 97.42% stake and balance 2.58% stake is held by Promoters and other shareholders. DSSL is engaged in providing consultancy in relation to recruitment services of skilled and unskilled personnel. It also engaged in providing outsourcing services of manpower staffing to corporates.

Post above acquisition, DSSL will become Wholly Owned Subsidiary of the Company.

Shares of Datamatics Global Services Limited was last trading in BSE at Rs. 339.25 as compared to the previous close of Rs. 352.70. The total number of shares traded during the day was 92087 in over 4456 trades.

The stock hit an intraday high of Rs. 362.90 and intraday low of 328.85. The net turnover during the day was Rs. 31738347.00.

Source : Equity Bulls

Keywords

DatamaticsGlobalServices INE365B01017 DatamaticsStaffingServices FullyOwnedSubsidiary