Thursday, 24 December 2015

Blue Star Infotech gets CCI approval for Scheme of amalgamation

Blue Star Infotech Ltd has announced that the Company has received an approval from the Competition Commission of India (CCI) for the Composite Scheme of Amalgamation.


News Newspaper Text
Blue Star Infotech Ltd has announced that the Company has received an approval from the Competition Commission of India (CCI) for the Composite Scheme of Amalgamation between Blue Star Limited, the Company and Blue Star Infotech Business Intelligence and Analytics Private Limited.

Blue Star Infotech Ltd ended at Rs. 239.5, up by Rs. 3.1 or 1.31% from its previous closing of Rs. 236.4 on the BSE.

The scrip opened at Rs. 242.1 and touched a high and low of Rs. 242.2 and Rs. 235 respectively. A total of 16753(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 258.66 crore.

The BSE group 'B' stock of face value Rs. 10 touched a 52 week high of Rs. 315.7 on 19-Aug-2015 and a 52 week low of Rs. 160.3 on 08-May-2015. Last one week high and low of the scrip stood at Rs. 242.2 and Rs. 232 respectively.

The promoters holding in the company stood at 51.78 % while Institutions and Non-Institutions held 1.98 % and 46.24 % respectively.

The stock traded below its 100 DMA.

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