The board of directors of Aurionpro has approved the demerger of its non-core concern partitioning into its wholly owned subsidiary Trejhara Solutions Ltd dependent area to the receipt of requisite approvals. The turnover of the demerged version is Rs 143.95 crores. The per centum of the turnover of the demerged partitioning to the full turnover of the company stands at 20%. The rationale behind the demerger was because the pith concern too the demerged concern has dissimilar direct a opportunity profiles too increase opportunities. The concern would quest undiluted administration bandwidth to execute the respective vision. Therefore the demerged concern may live on transferred to carve upward companionship too whose shares would also live on listed on the stock telephone commutation later the demerger. BSE information technology index is trading inwards negative territory weak past times over 12 points or 0.12% at 9907 levels. Stock view: Aurionpro Solutions Ltd is currently trading at Rs 131.9, upward past times Rs 1.9 or 1.46% from its previous closing of Rs 130 on the BSE. The scrip opened at Rs 132 too has touched a high too depression of Rs 134 too Rs 131 respectively. So far 45825(NSE+BSE) shares were traded on the counter. The electrical current marketplace seat cap of the companionship is Rs 285.35 crore. The BSE grouping 'B' stock of appear upward value Rs 10 has touched a 52 calendar week high of Rs 174 on 12-Dec-2016 too a 52 calendar week depression of Rs 90.35 on 09-Nov-2016. Last one calendar week high too depression of the scrip stood at Rs 136.5 too Rs 125 respectively. The promoters belongings inwards the companionship stood at 32.16 % acre Institutions too Non-Institutions held 0.53 % too 67.31 % respectively. The stock is currently trading inwards a higher house its 200 DMA.
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