DC Infotech and Communication touches roof on planning to raise funds
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DC Infotech and Communication is currently trading at upper limit of Rs. 217.00, up by 10.30 points or 4.98% from its previous closing of Rs. 206.70 on the BSE.
The scrip opened at Rs. 215.60 and has touched a high and low of Rs. 217.00 and Rs. 207.20 respectively. So far 1787 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 229.00 on 16-Jan-2024 and a 52 week low of Rs. 91.35 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 229.00 and Rs. 198.20 respectively. The current market cap of the company is Rs. 260.40 crore.
The promoters holding in the company stood at 60.00%, while Non-Institutions held 40.00% stake in the company.
DC Infotech and Communication is planning to raise funds in one or more tranches through one or more permissible mechanisms as may be deemed appropriate by the Board, by way of issuance of equity shares and/ or other securities including share warrants convertible into Equity shares of the Company and / or any other equity based instruments / securities including through preferential issue, private placement, or through any other permissible mode or any combination thereof, subject to receipt of regulatory / statutory / shareholders approvals, as may be required. A meeting of Board of Directors of the Company is scheduled to be held on January 20, 2024, inter alia, to consider the same.
DC Infotech and Communication is engaged in reselling and distribution business of computers, and computer peripherals.
