1002 Investors following Taksheel Solut. Share this News with them.
0
Like this story, share it with millions of investors on M3
Taksheel Solutions slips 11% after initial spike
Information-technology firm Taksheel Solutions (TSL) managed to open above issue price of Rs 150 and touched a high of Rs 161.90 in early trade on National Stock Exchange.
Information-technology firm Taksheel Solutions (TSL) managed to open above issue price of Rs 150 and touched a high of Rs 161.90 in early trade on National Stock Exchange. However, it could not hold that gains due to selling pressure - the stock was trading at Rs 132.90, down 11% from the issue price, at 9:44 hours IST.
Total traded volume was more than 56 lakh equity shares on both exchanges as against issue size of 55 lakh shares.
TSL planned to use proceeds to set up two software development centres, acquisitions and other corporate purposes.
The Hyderabad-based firm, which offers IT products and services to financial services and telecom companies, planned to use Rs 22 crore from the issue proceeds for acquiring firms in a similar line of business.
