Nxt digital jumps on inking binding MoU with Thaicom
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Nxtdigital is currently trading at Rs. 386.00, up by 18.90 points or 5.15% from its previous closing of Rs. 367.10 on the BSE.
The scrip opened at Rs. 393.00 and has touched a high and low of Rs. 397.50 and Rs. 366.90 respectively. So far 703549 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 521.14 on 12-Oct-2021 and a 52 week low of Rs. 322.00 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 404.00 and Rs. 327.05 respectively. The current market cap of the company is Rs. 1318.41 crore.
The promoters holding in the company stood at 64.67%, while Institutions and Non-Institutions held 15.33% and 20.00% respectively.
Nxtdigital (NDL) and Thaicom Public Company, Thailand (Thaicom) have signed a binding Memorandum of Understanding (MoU) to form a strategic partnership to enter the Broadband-over-satellite (BoS) market and related services in India.
The MOU envisages a partnership that includes deployment of BoS systems on India-focused capacity, which could be enhanced to provide future additional capacity on a state-of-art software-defined high throughput satellite; augmenting the existing IPSTAR-1 that is the first broadband satellite in the world and operational over India since several years. Partnership could also be in OneOTT Intertainment (OIL), the broadband subsidiary of NDL and India’s fourth largest private ISP with over 1 million customers and a presence in 150+ cities and towns.
Nxtdigital is the flagship media business of the global Hinduja Group. The company is India’s only integrated Digital Delivery Platform - delivering services via satellite, digital cable and broadband.
