Raminfo shines on getting nod to make upto 10% investment in Jaaga Real Estate Services
Ram Info is currently trading at Rs. 101.25, up by 3.00 points or 3.05% from its previous closing of Rs. 98.25 on the BSE.
The scrip opened at Rs. 99.80 and has touched a high and low of Rs. 107.95 and Rs. 97.00 respectively. So far 26957 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 151.85 on 12-Sep-2022 and a 52 week low of Rs. 80.66 on 12-Jul-2023.
Last one week high and low of the scrip stood at Rs. 107.95 and Rs. 95.00 respectively. The current market cap of the company is Rs. 68.98 crore.
The promoters holding in the company stood at 37.81%, while Institutions and Non-Institutions held 0.01% and 62.18% respectively.
Raminfo has received approval for investment upto 10% of equity share capital in ‘Jaaga Real Estate Services’ incorporated under the Companies Act, 2013. Raminfo has made a strategic decision to partner up with Jaaga Real Estate Services. This collaboration can create synergies and provide a comprehensive solution for company’s clients. The investment in the Target Company is expected to be completed within 60 days. The Board of Directors of the Company at their Meeting held on September 07, 2023 inter-alia has approved the same.
Raminfo is one of the leading providers of technology solutions for some of the premier organizations across Government, Fintech, Healthcare, Smart Energy, IoT & Analytics and Engineering Services
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