Silver Touch Technologies surges on acquiring additional stake in Shark Identity
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Silver Touch Technologies is currently trading at Rs. 420.10, up by 8.10 points or 1.97% from its previous closing of Rs. 412.00 on the BSE.
The scrip opened at Rs. 415.95 and has touched a high and low of Rs. 425.00 and Rs. 415.00 respectively. So far 3009 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 471.00 on 04-Aug-2023 and a 52 week low of Rs. 311.05 on 07-Feb-2023.
Last one week high and low of the scrip stood at Rs. 425.00 and Rs. 380.10 respectively. The current market cap of the company is Rs. 522.46 crore.
The promoters holding in the company stood at 74.59%, while Non-Institutions held 25.41% stake in the company.
Silver Touch Technologies has acquired its associate company i.e Shark Identity and after acquisition Shark Identity shall be Wholly Owned Subsidiary (WOS). The objective of acquisition is enhancement of business. The company holds 49% of equity shares before the acquisition.
Silver Touch Technologies was founded with a view to deliver their clients with the Information Technology Solutions in the fields of system integration and software Services.
