Brightcom Group Limited board to consider signing LoI for acquisition

The Board of Directors of Brightcom Group Limited is scheduled to meet on Thursday, January 06, 2022. The Board will consider authorizing M. Suresh Kumar Reddy, Chairman & Managing Director or Bradley Cohen, Chief Strategy Officer to sign on behalf of the Company on the following matters:

1. Non-binding Letter of Intent towards acquiring a target company or its assets.
2. Engagements letters with appropriate due diligence and legal professionals concerning the above action.

Shares of Brightcom Group Limited was last trading in BSE at Rs. 179.05 as compared to the previous close of Rs. 184.95. The total number of shares traded during the day was 484919 in over 6462 trades.

The stock hit an intraday high of Rs. 188.00 and intraday low of 176.75. The net turnover during the day was Rs. 88009173.00.

Source : Equity Bulls

Keywords

BrightcomGroup INE425B01027 BCG Acquisition LOI