Raminfo moves up on acquiring 29% stake in Modern MVUS Services
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Ram Info is currently trading at Rs. 142.80, up by 0.80 points or 0.56% from its previous closing of Rs. 142.00 on the BSE.
The scrip opened at Rs. 142.00 and has touched a high and low of Rs. 146.00 and Rs. 140.10 respectively. So far 15639 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 168.90 on 20-Dec-2023 and a 52 week low of Rs. 80.66 on 12-Jul-2023.
Last one week high and low of the scrip stood at Rs. 146.00 and Rs. 135.25 respectively. The current market cap of the company is Rs. 95.87 crore.
The promoters holding in the company stood at 37.81%, while Institutions and Non-Institutions held 0.01% and 62.18% respectively.
Raminfo has acquired a 29% stake in M/s Modern MVUS Services, as part of its strategic expansion. The company has initiated a collaborative venture with local partners in Rajasthan to venture into the domains of Emerging Tech, Health Care, Energy and Animal Husbandry, etc., as a consequential step in this strategic direction, the company has acquired stake in M/s Modern MVUS Services.
This acquisition comprises 2,900 equity shares valued at Rs 10 each, totaling Rs 29,000. The acquisition was executed by subscribing to the Memorandum of M/s Modern MVUS Services and the transaction was successfully completed on January 5, 2024. This strategic partnership and equity acquisition align with Ram info’s vision for diversification and growth into emerging sectors, marking a significant milestone in its company's strategic roadmap.
Raminfo is one of the leading providers of technology solutions for some of the premier organizations across Government, Fintech, Healthcare, Smart Energy, IoT & Analytics and Engineering Services.
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