Octant Interactive touches upper circuit on merger plan
Octant Interactive Technologies has decided to merge Swarnajyothi Agro & Exports with itself. The board of the company has approved the proposal for the same during its meeting held on January 19.
The scrip has touched its upper circuit in trading session and is at Rs 11.75 per share, up 0.55 points or 4.91% on BSE.
The stock opened at Rs 11.75 compared to its previous close of Rs 11.20.
So far 55,000 shares have been traded on BSE.
The stock of the face value of Rs 10 touched its 52-week high of Rs 243.50 on August 28, 2009 and a 52-week low of Rs 9.65 on January 15, 2010.
The proposed merger will also include power companies forming part of Swarnajyothi Agro & Exports.
Recently, Octant had procured a $2.5 million order from US-based Alpine Healthcare Inc for developing ‘interactive technology driven emergency medical management’.
Octant Interactive Technologies is engaged in offering information technology (IT) enabled customer and back office transaction services, software development services, etc.
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