Ace Software Exports touches roof on acquiring 40% stake in Ace Infoway
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Ace Software Exports is currently trading at upper limit of Rs. 84.58, up by 1.65 points or 1.99% from its previous closing of Rs. 82.93 on the BSE.
The scrip opened at Rs. 84.58 and has touched a high and low of Rs. 84.58 and Rs. 84.58 respectively. So far 200 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 84.58 on 19-Feb-2024 and a 52 week low of Rs. 14.51 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 84.58 and Rs. 73.63 respectively. The current market cap of the company is Rs. 38.81 crore.
The promoters holding in the company stood at 68.11%, while Non-Institutions held 31.89% stake in the company.
Ace Software Exports has successfully acquired a 40% stake in Ace Infoway for a total consideration of Rs 8.60 crore. The company in order to add a new growth driver both domestically and globally.
Earlier, the company had successfully acquired a 40% stake in QeCAD Studio LLP (QeCAD) for a total consideration of Rs 1.90 crore.
Ace Software Exports is mainly engaged in the business of creation of Database. The company has been active in catering to the outsourcing needs of publishers and other organizations.
