GTT Data Solutions surges after acquiring Alpharithm Technologies
GTT Data Solutions is currently trading at Rs 73.89, up by 1.04 points or 1.43% from its previous closing of Rs 72.85 on the BSE.
The scrip opened at Rs 76.38 and has touched a high and low of Rs 76.38 and Rs 72.15 respectively. So far 938 shares were traded on the counter.
The BSE group 'X' stock of face value Rs 10 has touched a 52-week high of Rs 104.94 on 17-Dec-2024 and a 52-week low of Rs 34.06 on 17-May-2024.
Last one week high and low of the scrip stood at Rs 76.38 and Rs 71.00 respectively. The current market cap of the company is Rs 310.10 crore.
The promoters holding in the company stood at 62.05%, while the public held 37.95% stakes.
GTT Data Solutions has completed the acquisition of 100% equity shareholding of Alpharithm Technologies. The objective of the acquisition is to expand company’s research and development of media software, designing and processing of computer software, hardware and providing Business Process Outsourcing (BPO) services, online solutions using latest software technology services and developing solutions for computer oriented problems involving hardware, software, interfaces and techniques, developing and installing market system and application software products, software research and development services, software development, outsourcing, offshore, software consulting, business process outsourcing, HR solutions and human resources and to promote and operate software technology labs and software development centers and undertaking computer services relating to information systems. The Board of Directors of the company at their meeting held on February 2, 2025, had approved the same.
GTT Data Solutions (Formerly known as Cinerad Communications) operates in the entertainment industry in India. The company produces advertising and promotional films, corporate films, and documentaries for television.
