01-01-1970 12:00 AM | Source: Accord Fintech
Equippp Social Impact touches roof on entering into JV agreement with SenecaGlobal IT Services
News By Tags | #409 #572 #4401

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Equippp Social Impact Technologies is currently trading at its upper limit of Rs. 27.72, up by 1.32 points or 5.00% from its previous closing of Rs. 26.40 on the BSE.

The scrip opened at Rs. 26.45 and has touched a high and low of Rs. 27.72 and Rs. 26.45 respectively. So far 1224 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 67.65 on 08-Aug-2022 and a 52 week low of Rs. 24.60 on 20-Jun-2023.

Last one week high and low of the scrip stood at Rs. 28.15 and Rs. 26.34 respectively. The current market cap of the company is Rs. 285.78 crore.

The promoters holding in the company stood at 96.74%, while Non-Institutions held 3.26% stake in the company.

Equippp Social Impact Technologies has entered into strategic joint venture (JV) agreement with SenecaGlobal IT Services (SenecaGlobal) to provide cutting-edge ESG (Environmental, Social, and Governance) Technology solutions for Global Enterprises. The collaboration between EQUIPPP and SenecaGlobal aims to combine their respective expertise and capabilities to accelerate the adoption of ESG technologies for enterprises worldwide. This partnership will introduce SenecaGlobal to a new market, while EQUIPPP will leverage SenecaGlobal's state-of-the-art product engineering capabilities to customize offerings that meet the specific needs of the ESG Global market. 

As part of the agreement, EQUIPPP and SenecaGlobal will establish a Joint Venture entity to pool their competencies and provide ESG services jointly. This Joint Venture will have an ownership of 51% by EQUIPPP and 49% by SenecaGlobal. Key personnel for the JV Entity will be mutually agreed upon, with a management committee consisting of team members from both companies. This strategic partnership between EQUIPPP and SenecaGlobal aims to unlock a new era of ESG adoption, fostering an environment where businesses can thrive sustainably, equitably, and responsibly.