Sunday , October 24 2021

Allsec Technologies shines on getting nod to acquire HR Compliance Business of Coachieve Solutions

Allsec Technologies is currently trading at Rs. 275.00, up by 16.20 points or 6.26% from its previous closing of Rs. 258.80 on the BSE.

The scrip opened at Rs. 275.00 and has touched a high and low of Rs. 275.00 and Rs. 275.00 respectively. So far 3 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 326.95 on 18-Sep-2018 and a 52 week low of Rs. 151.10 on 04-Feb-2019.

Last one week high and low of the scrip stood at Rs. 275.00 and Rs. 258.00 respectively. The current market cap of the company is Rs. 409.91 crore.

The promoters holding in the company stood at 66.35%, while Institutions and Non-Institutions held 4.93% and 28.72% respectively.

Allsec Technologies has received approval for the purchase of HR Compliance Business of Coachieve Solutions (CoAchieve) as a going concern on a slump sale basis from CoAchieve for a lump sum cash consideration, without values being assigned to individual assets and liabilities as contemplated under the Income Tax Act, 1961, on such terms and conditions as contained in the Business Transfer Agreement (BTA). CoAchieve is a wholly owned subsidiary of Quess Corp

The Board of Directors of the company at their meeting held on September 10, 2019, approved the same.

Allsec Technologies is engaged in the business of providing IT enabled services. The services provided by the company include data verification processing of orders received through telephone calls, telemarketing, monitoring quality of calls of other call centers, customer services and HR and payroll processing for domestic companies.

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