News / Infinite Computer trades higher on the bourses
Feb 11, 2013

Infinite Computer Solutions (India) is currently trading at Rs. 109.00, up by 0.30 points or 0.28% from its previous closing of Rs. 108.70 on the BSE.

The scrip opened at Rs. 111.15 and has touched a high and low of Rs. 120.80 and Rs. 108.75 respectively. So far 60782 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. 73.00 on 27-Mar-2012.

Last one week high and low of the scrip stood at Rs. 120.80 and Rs. 106.85 respectively. The current market cap of the company is Rs. 466.03 crore.

The promoters holding in the company stood at 67.46% while Institutions and Non-Institutions held 12.26% and 20.28% respectively. Infinite Computer Solutions (India) has received an approval for transfer of entire stake held in Infinite Convergence Solutions Inc. in favor of Unified Convergence, a subsidiary of the company. The board at its meeting held on February 10, 2013 has approved for the same.

Unified Convergence has been recently incorporated in Mauritius for the purpose of acting as a Special Purpose Vehicle (SPV) to hold current and future overseas investments of the company.

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: