The IT company reported a net profit of Rs 26.45 crore for Q4FY19, as against Rs 12.83 crore for the period ended December 2018.
Shareholders of Datamatics Global Services will have an identical shareholding pattern in both company and LDR E-Retail Ltd. LDR E-Retail will be renamed as Lumina Datamatics Limited.
Datamatics spent USD 50,625 towards acquisition of 1,875 shares (or 75 percent). Additionally, USD 15,54,375 will be infused towards payment of certain liabilities as per the definitive agreements, it said.
Datamatics Global Services has signed a definitive agreement to acquire a controlling stake in TechJini.
Prakash Gaba of prakashgaba.com likes Datamatics Global and Gujarat Narmada Valley Fertilizers.
In an interview with CNBC-TV18, Rahul L Kanodia, VC and CEO, Datamatics Global Services said that the company's top clients are mostly international insurance companies and banks.
Insync Capital, wherein Rakesh Jhunjhunwala is a partner, has bought 2,95,153 shares at Rs 102.08 in the company, while it sold 153 shares at Rs 113.10 on December 20.
SBI | Bharti Airtel | Sun Pharma | Aurobindo Pharma | Idea Cellular | Reliance Communications | Godrej Consumer | Jyoti Structures | Jindal Steel | Indo Borax | Oriental Carbon | Vatin Agro | Datamatics | Shoppers Stop and NIIT Technologies are stocks, which are in the news today.
The company is going to complete acquisition of Lumina Datamatics by buying remaining 26.88 percent stake for Rs 33 crore.
HDFC | Axis Bank | L&T | M&M | Sun Pharma | Hero MotoCorp | Cadila Healthcare | Datamatics Global | Kwality | Birla Ericsson | Mcleod Russel | Jaiprakash Power | IFGL Refractories | Bhushan Steel | Digjam | Jai Corp | Reliance Industrial Infra and Ruchi Soya Industries are stocks, which are in the news today.
Sarvendra Srivastava of phisense.com advises buying EIH Hotel with a target of Rs 118.4.
Datamatics Global Services has reported a consolidated total income from operations of Rs 199.47 crore and a net profit of Rs 11.81 crore for the quarter ended Dec '15