Decipher Labs Limited updates on business development

Decipher Labs Limited has been aggressively working toward the expansion goals and have considered various proposals for expansion of the business of the company including the options of acquisition of Businesses in the Pharma and Information Technology Sectors.

With a view to expand its presence further in the Information Technology Sector, the company, through its subsidiary is looking to foray into the Artificial Intelligence, Virtual Reality and Augmented Reality Space (Which is currently in news as Metaverse Space). The company has identified and initiated talks with a US Based company for development and marketing of the combination of multiple elements of technology, including Virtual Reality, Augmented Reality and videos where users live within the digital universe.

The process is in the nascent stage of development and the company will update the exact nature and terms of arrangements as and when the same are finalized subsequent to Due Diligence and the Feasibility and Viability reports.

Shares of Decipher Labs Ltd was last trading in BSE at Rs. 49.55 as compared to the previous close of Rs. 55.05. The total number of shares traded during the day was 207761 in over 1084 trades.

The stock hit an intraday high of Rs. 60.55 and intraday low of 49.55. The net turnover during the day was Rs. 11425142.00.

Source : Equity Bulls

Keywords

DecipherLabsLtd INE643N01012 Pharmaceuticals BusinessDevelopment