Published on 16/03/2017 1:05:45 PM | Source: Dion Global Solutions Ltd.

Megri Soft advances on buying stake in Kohli & Kohli Financial

Posted in Stock On The Move | #IT Sector #Stock On The Move

Shares of Megri Soft surged nearly 5 per cent on the Bombay Stock Exchange after the company has received an approval to invest Rs 25.30 lakh in the equity shares of the Kohli & Kohli Financial Consultants. “The Company in their meeting held on March 15, 2017 has decided to acquire/invest Rs. 25,30,000/- (accounting to 11.67%) in the Equity Shares of the Kohli & Kohli Financial Consultants Limited,” it said in a filing to the Bombay Stock Exchange.

Boosted by the development, shares of company gained as much as 4.98 per cent at Rs 15.17 apiece on the Bombay Stock Exchange. Meanwhile, the broader benchmark BSE Sensex was trading at 29,527.06, up 129.95 points, or 0.44 per cent at 11:50 hours.