Raminfo gains on getting nod to invest upto 50% of equity share capital in Mrida Energy

Ram Info is currently trading at Rs. 105.00, up by 0.40 points or 0.38% from its previous closing of Rs. 104.60 on the BSE.

The scrip opened at Rs. 103.80 and has touched a high and low of Rs. 105.95 and Rs. 103.00 respectively. So far 19507 shares were traded on the counter.

The BSE group ‘X’ stock of face value Rs. 10 has touched a 52 week high of Rs. 175.40 on 07-Feb-2022 and a 52 week low of Rs. 82.00 on 22-Dec-2022.

Last one week high and low of the scrip stood at Rs. 114.90 and Rs. 92.20 respectively. The current market cap of the company is Rs. 71.13 crore.

The promoters holding in the company stood at 37.81%, while Non-Institutions held 62.18% stake in the company.

Raminfo has received an approval for investment upto 50% of equity share capital in Mrida Energy (Proposed Company) to be incorporated under the Companies Act, 2013.

Consequent to the above investment, Mrida Energy will become an Associate of the Company.

Raminfo to further venture into the energy vertical has decided to invest in the target Company to be incorporated by the name of Mrida Energy to tap into the large potential available in the energy solutions landscape.

The company’s aim is to create a major source of revenue by penetrating into the energy industry. The Board at their meeting held on January 5, 2023, inter alia, considered and approved the same.

Raminfo is one of the leading providers of technology solutions for some of the premier organizations across Government, Fintech, Healthcare, Smart Energy, IoT & Analytics and Engineering Services.

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