Exicom TeleSystems soars as its arm establishes wholly-owned subsidiary in Delaware, USA
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Exicom Tele-Systems is currently trading at Rs. 470.00, up by 16.65 points or 3.67% from its previous closing of Rs. 453.35 on the BSE.
The scrip opened at Rs. 462.45 and has touched a high and low of Rs. 476.00 and Rs. 462.00 respectively. So far 8930 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 530.40 on 02-Jul-2024 and a 52 week low of Rs. 170.25 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 476.00 and Rs. 414.00 respectively. The current market cap of the company is Rs. 5477.58 crore.
The promoters holding in the company stood at 69.57%, while Institutions and Non-Institutions held 9.49% and 20.94% respectively.
Exicom TeleSystems’ wholly-owned subsidiary -- Exicom Power Solutions B.V has established a wholly-owned subsidiary company namely ‘Tritium Power Solutions Inc.’ in the State of Delaware, USA. Consequently, Tritium Power Solutions Inc. has become a step-down wholly-owned subsidiary of Exicom Tele-Systems.
Tritium Power Solutions Inc. shall inter-alia engage in the activities of Electric Vehicles Charging Stations & Systems & Spare Parts Trading; Solar Energy Systems & Components Trading; Batteries Trading; Repair & maintenance of primary & storage batteries; and Tele-communication Equipment Trading.
Exicom Tele-Systems specializes in power systems, electric vehicle (EV) charging, and other related solutions.
