Aurum Proptech is currently trading at Rs. 157.45, up by 0.25 points or 0.16% from its previous closing of Rs. 157.20 on the BSE.
Aurum Proptech The scrip opened at Rs. 156.20 and has touched a high and low of Rs. 158.95 and Rs. 156.00 respectively. So far 4051 shares were traded on the counter.
Aurum Proptech The BSE group ‘B’ stock of face value Rs. 5 has touched a 52 week high of Rs. 223.25 on 29-Nov-2021 and a 52 week low of Rs. 24.85 on 14-Jan-2021.
Last one week high and low of the scrip stood at Rs. 166.00 and Rs. 153.00 respectively. The current market cap of the company is Rs. 452.78 crore.
The promoters holding in the company stood at 35.04%, while Institutions and Non-Institutions held 0.03% and 64.92% respectively.
Aurum Proptech has incorporated two wholly owned subsidiaries namely ‘Aurum Softwares and Solutions’ and ‘Aurum RealTech Services’. The wholly owned subsidiaries are yet to commence its business operations and have received certificates of incorporation dated on January 7, 2022.
Aurum Softwares and Solutions has incorporated on December 1, 2021. Aurum Softwares and Solutions shall carry on the business of consultancy and development of computer software and other information technology enabled services. Aurum RealTech Services has incorporated on December 6, 2021. Aurum RealTech Services shall carry on the business of providing workspace solutions, incubation, business planning services and so on through usage of information technology.
Aurum Proptech provides information technology services. The Company offers proprietary software solutions, IT consulting, application development, systems integration, application management outsourcing, testing, data warehousing, and business intelligence services.
About Majesco Limited
Majesco Limited was incorporated as Minefields Computers Private Limited on June 27, 2013 in the state of Maharashtra. It was converted into a public limited company on December 22, 2014. Pursuant to Scheme of Arrangement between Mastek Limited, Majesco Limited and Majesco Software and Solutions India Private Limited as approved by Hon’ble High Court of Bombay and Hon’ble High Court of Gujarat, the name of the company was changed to Majesco Limited on June 12, 2016.
Pursuant to the Scheme of Arrangement, the Insurance Products and Services business of Mastek Limited was demerged into Majesco Limited, followed by transfer by Majesco Limited of the offshore insurance operations business in India to Majesco Software and Solution India Private Ltd (“MSSIPL”) a wholly owned subsidiary of Majesco Software and Solution Inc., USA (“MSSUS”) a subsidiary of the company, retaining the domestic operations with the Company.
The shares of Majesco Limited were listed on August 19, 2015 on the BSE and NSE.
Till September 21, 2020, Majesco (USA), listed on NASDAQ, was a subsidiary of Majesco Limited. Majesco (USA) is engaged in providing core software solutions for Property & Casualty/General Insurance (“P&C”), and Life, Annuities & Pensions (“L&A”) providers, to manage policy administration, claims management and billing functions.
Majesco Limited divested it’s entire stake/ investment in its material subsidiary i.e., Majesco, pursuant to a merger between Majesco and Magic Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Magic Intermediate, LLC, a Delaware limited liability company, in accordance with the provisions of the California Corporation Code, as amended. Magic Merger Sub, Inc. and Magic Intermediate, LLC are affiliates of Thoma Bravo LP.
The underlying transaction has been consummated on September 21, 2020. Henceforth, Majesco (USA) will operate as a privately held company under the continued leadership of the existing Majesco Leadership Team.
Majesco USA is the only direct subsidiary of Majesco Limited. However, Majesco Limited
has step-down subsidiaries as mentioned below:
- Majesco Software and Solutions Inc.
- Majesco Canada Limited
- Majesco Sdn. Bhd.
- Exaxe Holdings Limited
- InsPro Technologies Corporation, USA
- Majesco UK Limited
- Majesco Software and Solution India Private Limited
- Majesco Asia Pacific Pte. Limited
- Exaxe Limited
- InsPro Hosting Services, LLC
- InsPro Technologies, LLC
- Atiam Technologies LP
Corporate Structure of Majesco (prior to Sept 21st 2020) is as below: