Black Box Holdings Limited completes acquisition of companies

AGC Networks Limited ("the Company") had earlier announced about the acquisition of Fujisoft Technology LLC (Dubai), Fujisoft Security Solutions LLC (Dubai) and Fuji Soft Technology LLC (Abu Dhabi) (collectively referred to as "Target Companies") by Black Box Holdings Limited (hereinafter referred to as "Acquirer" or "Black Box"), an Indirect Wholly-Owned Subsidiary of the Company, by execution of Share Sale Agreement with Mr. Abizer Leelwalla Sajjad Hussain and Mr. Albert Raj Naricitti Peter (collectively referred to as "Sellers") on May 31, 2020.

Black Box Holdings Limited has completed the acquisition of Fujisoft Technology LLC (Dubai) and Fujisoft Security Solutions LLC (Dubai) with the effective date being July 01, 2020.

Shares of AGC Networks Limited was last trading in BSE at Rs.357.25 as compared to the previous close of Rs. 347.6. The total number of shares traded during the day was 117 in over 17 trades.

The stock hit an intraday high of Rs. 357.25 and intraday low of 347.5. The net turnover during the day was Rs. 40779.

Source : Equity Bulls

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