Cressanda Solutions surges on acquiring Lucida Technologies
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Cressanda Solutions is currently trading at Rs. 37.15, up by 1.55 points or 4.35% from its previous closing of Rs. 35.60 on the BSE.
The scrip opened at Rs. 37.35 and has touched a high and low of Rs. 37.35 and Rs. 36.85 respectively. So far 2440137 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 51.20 on 06-May-2022 and a 52 week low of Rs. 1.69 on 30-Sep-2021.
Last one week high and low of the scrip stood at Rs. 37.35 and Rs. 32.95 respectively. The current market cap of the company is Rs. 1478.42 crore.
The promoters holding in the company stood at 0.08%, while Institutions and Non-Institutions held 0.02% and 99.90% respectively.
Cressanda Solutions (CSL) has completed acquisition of Lucida Technologies, a Bangalore based Technology Company with a 100% Share Swap agreement valued at Rs 9 crore. Lucida Technologies is a technology services company that specializes in building Innovative digital products supported with deep industry-domain expertise embedded with a unique delivery model which focuses on delivering cutting edge IT solutions.
Lucida considers product development, training and staffing in niche technologies as its key focus areas. In collaboration with its clients, it creates people plus software delivery models with efficiency gains that rely on automation to bring breakthrough productivity for problem-solving endeavors. It serves numerous clients in various industries and domains who are based in India, Malaysia, Singapore, and the United States enabling CSL to extend its reach with its services. Further, this completion coincides with a significant order wins from 3 marquee clients in the healthcare and sports space where CSL and Lucida Technologies worked collaboratively. Lucida with CSL will be providing app development and existing platform enhancement services.
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.
