Compuage Infocom concludes Rights Issue, receives oversubscription of 1.45x

Compuage Infocom Limited, distributor of Enterprise Solutions, Cloud Computing, IT Consumer and Hardware Services has closed its Rights Issue period with subscriptions amounting to approximately 1.45 times of the Issue Size.

Commenting on the success of the Rights Issue, Mr. Atul Mehta, Chairman & Managing Director, said, "We at Compuage, are grateful by the response, as this will not only assist us in achieving our objectives, but also accelerate our strategic initiatives, such as growing our reach, driving the Company and will also allow us to more aggressively seize the growth possibilities that lie ahead."

Shares of Compuage Infocom Limited was last trading in BSE at Rs. 26.10 as compared to the previous close of Rs. 25.50. The total number of shares traded during the day was 148864 in over 1249 trades.

The stock hit an intraday high of Rs. 26.60 and intraday low of 25.55. The net turnover during the day was Rs. 3880202.00.

Source : Equity Bulls

Keywords

CompuageInfocom INE070C01037 RightsIssue FundRaising Oversubscription