Datamatics Global rises on incorporating joint venture company in partnership with CloudGrowth
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Datamatics Global Services is currently trading at Rs. 308.25, up by 1.10 points or 0.36% from its previous closing of Rs. 307.15 on the BSE.
The scrip opened at Rs. 306.45 and has touched a high and low of Rs. 310.05 and Rs. 306.05 respectively. So far 4057 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 366.45 on 11-Jan-2022 and a 52 week low of Rs. 230.20 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 315.60 and Rs. 296.80 respectively. The current market cap of the company is Rs. 1812.40 crore.
The promoters holding in the company stood at 74.30%, while Institutions and Non-Institutions held 2.25% and 23.44% respectively.
Datamatics Global Services in partnership with CloudGrowth has incorporated a Joint Venture Company viz. ‘Datamatics Cloud Solutions’ (Joint Venture Company) on December 15, 2022 to bring their respective competencies together and to jointly provide the services using Salesforce CRM platform and such other related services through the said Joint Venture Company. Datamatics will hold 77% of the paid-up equity share capital of the aforesaid Joint Venture Company.
Datamatics Global Services provides intelligent solutions for data driven businesses to increase productivity and enhance the customer experience.
