Veefin Solutions rises on acquiring 50.99% stake in Infini Systems
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Veefin Solutions is currently trading at Rs. 515.00, up by 5.80 points or 1.14% from its previous closing of Rs. 509.20 on the BSE.
The scrip opened at Rs. 513.00 and has touched a high and low of Rs. 518.45 and Rs. 513.00 respectively. So far 1600 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 577.00 on 07-Aug-2024 and a 52 week low of Rs. 155.55 on 14-Aug-2023.
Last one week high and low of the scrip stood at Rs. 577.00 and Rs. 489.50 respectively. The current market cap of the company is Rs. 1149.42 crore.
The promoters holding in the company stood at 39.84%, while Institutions and Non-Institutions held 1.95% and 58.21% respectively.
Veefin Solutions has acquired 50.99% stake consisting of 50,763 Equity shares of Rs 180.81 each in Infini Systems, a group company, on August 12, 2024. The acquisition aims to carry on the business of developing, providing, marketing & distributing Computer solutions in the field of Web Content Development, Security Solutions, Animation, Geographical Information Systems (GIS), Revenue Accounting, Data Digitization, Back Office Operations and imparting training and management consultancy services in various fields of Ecommerce, Computer Software and Hardware Development, Trading and Manufacturing Computer Hardware and Software products. Cost of acquisition is Rs 91.78 lakh.
Veefin Solutions is a Digital Lending and Supply Chain Finance (SCF) technology product Solutions Company based in Mumbai.
