Aurionpro Solutions surges on planning to acquire business providing comprehensive loan management system
Aurionpro Solutions is currently trading at Rs. 1420.00, up by 28.75 points or 2.07% from its previous closing of Rs. 1391.25 on the BSE.
The scrip opened at Rs. 1379.90 and has touched a high and low of Rs. 1420.00 and Rs. 1379.90 respectively. So far 390 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 1455.00 on 11-Oct-2023 and a 52 week low of Rs. 291.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1455.00 and Rs. 1325.00 respectively. The current market cap of the company is Rs. 3422.22 crore.
The promoters holding in the company stood at 31.19%, while Institutions and Non-Institutions held 3.13% and 65.68% respectively.
Aurionpro Solutions is purchasing business consisting of a comprehensive loan management system to complement and enhance its portfolio of industry leading Lending Solutions. The transaction involves Aurionpro purchasing Omnifin, loan management system catering to 45+ banks and financial institutions in the Indian domestic market, from A S Software Services, a company based in NOIDA, India.
This acquisition covers purchase of the entire business, as a going concern, covering all the assets & liabilities of the target business including the intellectual properties, 150+ employees & contracts and such transfer and payment of consideration will be governed by the Business Transfer Agreement (BTA) between the parties. The total deal is valued close to Rs 82 crore, to be paid in cash.
Aurionpro Solutions is an advanced technology solutions company catering to the needs of the banking, mobility, payments and government sectors.
