Galactico Corporate Services surges as its arm disinvests stake in Constro Solutions

Galactico Corporate Services is currently trading at Rs. 56.15, up by 2.65 points or 4.95% from its previous closing of Rs. 53.50 on the BSE.

Galactico Corporate Services
Galactico Corporate Services

The scrip opened at Rs. 59.25 and has touched a high and low of Rs. 59.25 and Rs. 56.15 respectively. So far 6000 shares were traded on the counter.

The BSE group ‘M’ stock of face value Rs. 10 has touched a 52 week high of Rs. 54.50 on 18-Jan-2022 and a 52 week low of Rs. 16.00 on 05-Mar-2021.

Last one week high and low of the scrip stood at Rs. 53.50 and Rs. 43.50 respectively. The current market cap of the company is Rs. 64.36 crore.

The promoters holding in the company stood at 71.15%, while Non-Institutions held 28.85% stake in the company.

Galactico Corporate Services’ subsidiary — Instant Finserve has disinvested equity shares in Constro Solutions, thus Constro Solutions is no more associate of the company.

Closing date sale consideration of Rs 11.70 crore received on March 4, 2022. Deferred consideration of Rs 3.21 crore will be received on expiry of 12 months from the closing date.

Galactico Corporate Services provides financial advisory services.

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