Cinerad Communications Ltd to acquire 10.51% stake in CRG Solutions Pvt Ltd

Cinerad Communications Limited has entered into a Memorandum of Understanding for acquiring 10.51% stake of CRG Solutions Private Limited, subject to completion of due diligence and execution of share purchase agreement and fulfilment of conditions therein, if any.

Total cost of acquisition for acquiring 10.51% of the equity shares / voting rights in Target is approx. ₹ 6,00,41,091 (Indian Rupees Six Crore Forty-One Thousand Ninety-One) (subject to net working capital adjustments, if any).

CRG Solutions Private Limited ("Target"), a company incorporated in the year 2001 under the Companies Act, 1956 with CIN U72200PN2001PTC016125 and having its registered Plot No. 29, S. No. 692, Durve House, Adarsh Nagar Hsg. Society, Market Yard Road, Maharshi Nagar, Pune - 411037.

CRG Solutions is a Business Performance Improvement company, helping organizations traverse their Data to Insights journey and beyond. It leverages curated Analytics Technology such as Tableau & Alteryx. It is one of Tableau's longest standing Gold Partners with vast experience in Visual Analytics best practices. Through Alteryx, CRG covers all aspects of creating datamarts, data cleansing, as well as Advanced Analytics such as predictive/prescriptive analytics.

Shares of CINERAD COMMUNICATIONS LTD. was last trading in BSE at Rs. 111.94 as compared to the previous close of Rs. 114.22. The total number of shares traded during the day was 6403 in over 54 trades.

The stock hit an intraday high of Rs. 111.94 and intraday low of 111.94. The net turnover during the day was Rs. 716751.00.

Source : Equity Bulls

Keywords

CINERADCOMMUNICATIONS INE959B01017 MOU StakeAcquisition CRGSolutions