Stock Report

Response Informatics to acquire Technologia Corporation



Posted On : 2022-07-15 08:37:35( TIMEZONE : IST )

Response Informatics to acquire Technologia Corporation

The Board of Directors of Response Informatics Limited at their meeting held on Thursday, July 14th, 2022, considered and approved the recommendation of Audit Committee to acquire the Technologia Corporation, NJ, USA for a consideration of USD 300,000. The mode of discharge of consideration is on cash payment basis. The disclosures pertaining to this acquisition.

The acquisition strengthens Response Informatics' digital ambitions and helps offer services in emerging technologies.

- Technologia Corporation is in the DevOps and Cloud space which is a sought-after skill set.

- This acquisition will provide an entry to Response Informatics into the nascent non-US.

- North American markets in emerging technologies.

Shares of Response Informatics Ltd was last trading in BSE at Rs. 35.70 as compared to the previous close of Rs. 34.00. The total number of shares traded during the day was 1 in over 1 trades.

The stock hit an intraday high of Rs. 35.70 and intraday low of 35.70. The net turnover during the day was Rs. 35.00.

Source : Equity Bulls

Keywords

ResponseInformatics INE401B01010 Acquisition TechnologiaCorporation