Surana Telecom gains on executing SPA to sell 10% stake in Surana Infotech
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Surana Telecom & Power is currently trading at Rs. 12.58, up by 0.05 points or 0.40% from its previous closing of Rs. 12.53 on the BSE.
The scrip opened at Rs. 12.15 and has touched a high and low of Rs. 13.00 and Rs. 12.15 respectively. So far 6511 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 17.97 on 19-Jan-2022 and a 52 week low of Rs. 4.14 on 05-May-2021.
Last one week high and low of the scrip stood at Rs. 13.74 and Rs. 12.15 respectively. The current market cap of the company is Rs. 176.49 crore.
The promoters holding in the company stood at 74.77%, while Institutions and Non-Institutions held 0.05% and 25.18% respectively.
Surana Telecom & Power has executed Share Purchase agreement (SPA) to sale equity stake of 10% held in Surana Infotech to Tapaz Info Parks Holdings, Singapore. The total amount of consideration is finalised for Rs 7.59 crore and the same will be received on closing/transfer of equity shares. The expected date for closing/transfer of equity shares is tentatively by May 03, 2022.
Surana Telecom & Power was engaged in the business of manufacturing of petro products such as petroleum jelly and telecom products such as jointing kits.
