Quint Digital rises on acquiring stake in Quintype Technologies India
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Quint Digital is currently trading at Rs. 91.50, up by 1.17 points or 1.30% from its previous closing of Rs. 90.33 on the BSE.
The scrip opened at Rs. 90.33 and has touched a high and low of Rs. 92.00 and Rs. 90.00 respectively. So far 2273 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.00 on 06-Oct-2023 and a 52 week low of Rs. 80.00 on 05-Jun-2024.
Last one week high and low of the scrip stood at Rs. 92.90 and Rs. 88.00 respectively. The current market cap of the company is Rs. 431.35 crore.
The promoters holding in the company stood at 61.94%, while Institutions and Non-Institutions held 11.58% and 26.48% respectively.
Quint Digital (QDL) has completed the acquisition of the stake held by 360 One Seed Ventures Fund- Series 2 (formerly IIFL Seed Ventures Fund - Series 2) in Quintype Technologies India on July 30, 2024.
Earlier, the company had received approval for acquiring the entire equity stake, held by 360 One Seed Ventures Fund- Series 2 in Quintype Technologies India, for an aggregate consideration of Rs 25.43 crore, subject to the completion of customary conditions precedent and applicable closing adjustments, if any.
Quint Digital is primarily engaged in the business of running websites through web, digital or mobile media and which may include various information including current affairs, lifestyle, entertainment etc.
