News / Infinite Computer Solutions soars on completing 40% of Buy-Back offer
Aug 21, 2013

Infinite Computer Solutions is currently trading at Rs. 113.00, up by 3.15 points or 2.87% from its previous closing of Rs. 109.85 on the BSE.

The scrip opened at Rs. 108.00 and has touched a high and low of Rs. 113.40 and Rs. 107.85 respectively. So far 6,799 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 166.85 on 19-Nov-2012 and a 52 week low of Rs. 76.30 on 25-Jun-2013.

Last one week high and low of the scrip stood at Rs. 115.70 and Rs. 94.00 respectively. The current market cap of the company is Rs. 480 crore.

The promoters holding in the company stood at 67.47% while Institutions and Non-Institutions held 10.78% and 21.74% respectively.

Infinite Computer Solutions has bought back 12,07,556 equity shares (3,61,097 on BSE and 8,46,459 on NSE) up-to August 19, 2013 for an aggregate consideration of Rs. 1,230.66 lakhs, which is 41.02% of the Maximum Buyback Offer Size of Rs. 3,000 lakhs.

Infinite Computer Solution has three main service offerings - Infrastructure Management, Intellectual Property (IP) leveraged solutions and IT services focused on the Telecom and Media, Technology, Manufacturing and Healthcare industry.

Share this: