Virtuoso Optoelectronics rises on acquiring 51% stake of YLP Solutions
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Virtuoso Optoelectronics is currently trading at Rs. 267.70, up by 2.95 points or 1.11% from its previous closing of Rs. 267.70 on the BSE.
The scrip opened at Rs. 266.00 and has touched a high and low of Rs. 273.00 and Rs. 265.00 respectively. So far 32000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 290.00 on 05-Sep-2023 and a 52 week low of Rs. 110.20 on 28-Sep-2022.
Last one week high and low of the scrip stood at Rs. 290.00 and Rs. 251.00 respectively. The current market cap of the company is Rs. 611.39 crore.
The promoters holding in the company stood at 65.60%, while Institutions and Non-Institutions held 1.43% and 32.97% respectively.
Virtuoso Optoelectronics has acquired 51% stake of YLP Solutions. Acquisition will improve the online selling capability, software development capability and access to newer customers segment. Cost of acquisition will be Rs 3.10 lakh. The acquisition is completed within a period of 120 days from the date of execution of Share Purchase Agreement.
Virtuoso Optoelectronics is engaged in manufacturing of high volume, large scale production of consumer & industrial products
