Viaan Industries inches up on getting nod to acquire 50% stake in Avalance Technology

Viaan Industries is currently trading at Rs. 7.25, up by 0.04 points or 0.55% from its previous closing of Rs. 7.21 on the BSE.

The scrip opened at Rs. 7.25 and has touched a high and low of Rs. 7.25 and Rs. 7.18 respectively.

The BSE group ‘XT’ stock of face value Rs. 1 has touched a 52 week high of Rs. 39.40 on 12-Apr-2018 and a 52 week low of Rs. 5.20 on 22-Feb-2019.

Last one week high and low of the scrip stood at Rs. 8.10 and Rs. 7.05 respectively. The current market cap of the company is Rs. 79.01 crore.

The promoters holding in the company stood at 50.27%, while Non-Institutions held 49.73% stake in the company.

Viaan Industries has received approval to acquire 50% stake in the Capital of Avalance Technology, a Mumbai based Company. The Business Development Committee of the Directors of the company at its meeting held on March 19, 2019 approved the same.

The Company proposes to be involved in the business of Information Technology, Consulting, Cyber Security Service, InfoSec, Artificial Intelligence, Machine Learning, Deep learning, Big Data, Cloud Computing, data science, Hosting, Agile SDLC, IOT, Software design & Development Mobile App Development, web application development, Cyber Forensics etc.

Viaan Industries was founded in Mumbai, India by renowned entrepreneur Raj Kundra and top celebrity Shilpa Shetty Kundra. The company has a strong and growing presence across the promising sunrise sectors of Entertainment (Gaming, Licensing, Animation), Health & Wellness.

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