Syrma SGS jumps on inking pact to acquire majority stake in Elcome Integrated Systems
Syrma SGS Technology is currently trading at Rs. 852.85, up by 44.25 points or 5.47% from its previous closing of Rs. 808.60 on the BSE.
The scrip opened at Rs. 825.80 and has touched a high and low of Rs. 852.85 and Rs. 820.00 respectively. So far 11368 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 873.80 on 08-Sep-2025 and a 52 week low of Rs. 355.05 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 856.00 and Rs. 760.50 respectively. The current market cap of the company is Rs. 15562.65 crore.
The promoters holding in the company stood at 42.97%, while Institutions and Non-Institutions held 23.40% and 33.62% respectively.
Syrma SGS Technology (Syrma SGS) has entered into a definitive agreement to acquire 60% majority stake in Elcome Integrated Systems (Elcome), a long-established Indian Defence and Maritime electronics company specializing in advanced electronic systems, integrated command solutions, and indigenous mission-critical technologies.
This acquisition marks a strategic step for Syrma SGS in advancing its presence in Defence Electronics, an area of increasing national priority. The combination brings together Elcome’s deep domain expertise with Syrma SGS’s established strengths in industrial scale manufacturing, supply chain reach and product engineering, enhancing the shared ability to deliver high-reliability systems to defence customers.
Syrma SGS Technology is a technology-focussed engineering and design company engaged in turnkey electronics manufacturing services (EMS), specialising in precision manufacturing for diverse end-use industries, including industrial appliances, automotive, healthcare, consumer products and IT industries.
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