Aurionpro Solutions trades higher on increasing stake in SC Soft

Aurionpro Solutions is currently trading at Rs. 320.10, up by 3.80 points or 1.20% from its previous closing of Rs. 316.30 on the BSE.

Aurionpro Solutions
Aurionpro Solutions

The scrip opened at Rs. 310.95 and has touched a high and low of Rs. 320.30 and Rs. 310.95 respectively. So far 1193 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 390.40 on 18-Jan-2022 and a 52 week low of Rs. 138.85 on 28-Jun-2021.

Last one week high and low of the scrip stood at Rs. 363.95 and Rs. 310.95 respectively. The current market cap of the company is Rs. 730.18 crore.

The promoters holding in the company stood at 33.00%, while Institutions and Non-Institutions held 1.09% and 65.91% respectively.

Aurionpro Solutions has increased its stake in SC Soft upto 90% with a commitment to complete acquisition of balance 10% by December 31, 2022.

This increase in stake enables complete management control and integration of SC Soft with Aurionpro. The deal is valued at $ 4.99 Million (approximately Rs 38 crore).

Further, Aurionpro has also invested in Aurionpro Toshi Automatic Systems (ATASPL) and will complete acquisition of 51% stake therein by the end of June 2022. All these acquisitions will be funded through internal accruals.

Aurionpro Solutions is a publicly traded technology company providing software products and expert level consulting services to an extensive global customer base.

The company provides valuable operational and technical experience in helping banks provide new and innovative products to their customers.

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