eMudhra soars on completing acquisition of 51% stake in Ikon Tech Services LLC
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eMudhra is currently trading at Rs. 410.65, up by 10.15 points or 2.53% from its previous closing of Rs. 400.50 on the BSE.
The scrip opened at Rs. 400.10 and has touched a high and low of Rs. 417.20 and Rs. 400.10 respectively. So far 2168 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 445.00 on 02-Jun-2023 and a 52 week low of Rs. 206.90 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 430.00 and Rs. 395.90 respectively. The current market cap of the company is Rs. 3228.29 crore.
The promoters holding in the company stood at 57.70%, while Institutions and Non-Institutions held 14.81% and 27.50% respectively.
eMudhra through its wholly owned subsidiary -- eMudhra Inc, USA has completed the acquisition of 51% interest in Ikon Tech Services LLC, USA. Ikon Tech is a technology company in Houston Texas, USA, specialising in digital transformation and cyber security and has been in operation since 2012 and is in the business of providing consulting, solutioning and technology services in cybersecurity, digital transformation with an industry focus of Financial Services, Government, Healthcare and Oil and Gas. Its revenue from digital transformation and cyber security services during the year ended December 31, 2022, amounted to $6.7 million. Earlier, the company had entered into a definitive agreement for said transaction.
eMudhra is engaged in digital trust services and enterprise solutions to individuals and organisations functioning in various industries. It is a 'one-stop shop' player in secure digital transformation and provides a wide spectrum of services and solutions from issuance of certificates as a certifying authority to offering identity, authentication and signing solutions.
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