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GSS Infotech touches roof as its board approves acquisition of Polimeraas
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GSS Infotech is trading its upper circuit limit of Rs. 133.40, up by 6.35 points or 5.00% from its previous closing of Rs. 127.05 on the BSE.
The scrip opened at Rs. 133.40 and has touched a high and low of Rs. 133.40 and Rs. 133.40 respectively. So far 3904 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 133.40 on 07-Dec-2021 and a 52 week low of Rs. 38.00 on 19-Jan-2021.
Last one week high and low of the scrip stood at Rs. 133.40 and Rs. 102.85 respectively. The current market cap of the company is Rs. 225.94 crore.
The promoters holding in the company stood at 19.63%, while Institutions and Non-Institutions held 5.00% and 75.37% respectively.
GSS Infotech’s Board of Directors has approved the 100 per cent acquisition of 'farm to store' company Polimeraas, with a combination of stock and cash. The merger of Polimeraas Agros with GSS Infotech will be through a scheme transaction subject to the approval of the shareholders, stock exchanges and regulatory authorities.
GSS Infotech is a pioneer in applying innovative, technology-based solutions to common business problems. It helps organizations leverage the power of Virtualization, 'The Cloud' and outsourced models of technology services delivery.
