Rose Merc jumps on signing term sheet to invest up to Rs 18 crore in ZCLUS India
Rose Merc is currently trading at Rs. 67.00, up by 3.82 points or 6.05% from its previous closing of Rs. 63.18 on the BSE.
The scrip opened at Rs. 67.90 and has touched a high and low of Rs. 67.90 and Rs. 67.00 respectively. So far 4 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 114.51 on 25-Jul-2025 and a 52 week low of Rs. 41.01 on 27-Jun-2025.
Last one week high and low of the scrip stood at Rs. 73.00 and Rs. 61.01 respectively. The current market cap of the company is Rs. 41.84 crore.
The promoters holding in the company stood at 0.12%, while Non-Institutions held 99.88% stake in the company.
Rose Merc has entered into a term sheet with ZCLUS India (ZCLUS), which is a wholly owned subsidiary of ZEST Consulting LLC providing end-to-end IT services, for a proposed strategic investment of up to Rs 18 crore over a period of three years.
Under the proposed transaction, the company may invest up to Rs 18 crore in one or more tranches at a fixed subscription price of Rs 60,000 per equity share. Upon completion of the proposed investment, Rose Merc may hold up to 23.08% of the pre-money equity share capital of ZCLUS, subject to the terms of the definitive agreements and any changes in the capital structure of ZCLUS.
The investment is intended to support ZCLUS’s Asia-Pacific business expansion initiatives, becoming a dominant service integrator, Global Capability Center (GCC) enabler by facilitating capability /capacity enhancement, and strategic acquisitions as it scales its IT services offerings.
