Cressanda Solutions hits new 52-week high on inking LoI to acquire entire stake in Lucida Technologies
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Cressanda Solutions is currently trading at Rs. 44.45, up by 1.95 points or 4.59% from its previous closing of Rs. 42.50 on the BSE.
The scrip opened at Rs. 42.65 and has touched a high and low of Rs. 44.45 and Rs. 40.50 respectively. So far 3569689 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 44.50 on 02-May-2022 and a 52 week low of Rs. 0.30 on 03-May-2021.
Last one week high and low of the scrip stood at Rs. 44.50 and Rs. 33.30 respectively. The current market cap of the company is Rs. 1344.85 crore.
The promoters holding in the company stood at 0.10%, while Institutions and Non-Institutions held 0.03% and 99.87% respectively.
Cressanda Solutions has signed a non-disclosure and letter of intent (LoI) with Bangalore based -- Lucida Technologies to acquire 100% of the issued and outstanding equity interests of Lucida and its subsidiaries. Lucida Technologies is a Bangalore based digital technology company specializing in providing development and support services in leading edge technologies such as data analytics, artificial intelligence/ machine learning (AI/ML), full stack, mobile and Robotic Process Automation (RPA). Lucida caters to multiple clients located in India, Malaysia, Singapore, the USA, the UK, spanning across various domains and industries.
Both Cressanda and Lucida have great synergy opportunities to leverage scale and deepen the existing customer relationships with a wider array of technology and services offering. Cressanda’s goal is to become a one-stop entity that delivers high end technology solution to its global customers. The company’s global operations create customer intimacy through in-situ project and account management, its operations in India deliver these projects in the most resource efficient manner.
Cressanda Solutions offers a host of IT, Digital Media and IT Enabled services. Cressanda is a software development company that provides middleware products, systems integration services and bespoke software solutions.
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