Surana Telecom and Power Ltd acquires 10% stake in Surana Infotech Pvt Ltd

Surana Telecom and Power Ltd has acquired 10% of equity shares consisting of 1,00,000 equity shares at fair value of Rs.10/- each aggregating to an amount of Rs.10,00,000/- by way of purchase of equity shares from Mr. Advait Surana and the said transaction was completed on 20th October, 2021.

Surana Infotech Private Limited (SIPL) has acquired an IT property from HCL Infosystems Private Limited consisting of 15.81 Acres of land with built up area of 93,157 sq.ft. located at Hardware Park, Maheswaram Manda!, Hyderabad. SIPL is engaged in the business of providing IT / ITES services, which will add value to the shareholders of the Company.

Shares of Surana Telecom and Power Limited was last trading in BSE at Rs. 8.91 as compared to the previous close of Rs. 9.14. The total number of shares traded during the day was 39317 in over 120 trades.

The stock hit an intraday high of Rs. 9.50 and intraday low of 8.71. The net turnover during the day was Rs. 355096.00.

Source : Equity Bulls

Keywords

SuranaTelecomandPower INE130B01031 Acquisition