Suyog Telematics soars on executing Share Purchase Agreement with Lotus Tele Infra
Suyog Telematics is currently trading at Rs. 838.90, up by 38.30 points or 4.78% from its previous closing of Rs. 800.60 on the BSE.
The scrip opened at Rs. 800.00 and has touched a high and low of Rs. 840.60 and Rs. 800.00 respectively. So far 906 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 1969.00 on 20-Dec-2024 and a 52 week low of Rs. 795.00 on 28-Mar-2025.
Last one week high and low of the scrip stood at Rs. 941.00 and Rs. 795.00 respectively. The current market cap of the company is Rs. 933.89 crore.
The promoters holding in the company stood at 47.30%, while Institutions and Non-Institutions held 3.62% and 49.08% respectively.
Suyog Telematics has executed a Share Purchase Agreement (SPA) on March 31, 2025 with Lotus Tele Infra (Target Company) for acquisition of 95% of the Equity Share Capital of the Target Company. The total cost of acquisition is Rs 13.50 crore. The transaction leads to acquisition of sites owned by Target Company. The company will get its presence in critical Delhi and NCR telecom circles in India which will lead to expansion in its business operations.
Suyog Telematics is a growing passive telecommunication infrastructure provider in India, engaged primarily in the business of installing and commissioning of Poles, Towers and Optical Fibre Cable (OFC) Systems in India.
