Zen Technologies surges after RBI lifts FII restrictions

16 Mar 2015 Evaluate

Zen Technologies is currently trading at Rs 59.50, up by 2.10 points or 3.66% from its previous closing of Rs. 57.40 on the BSE.

The scrip opened at Rs. 61.35 and has touched a high and low of Rs. 62.80 and Rs. 58.10 respectively. So far 172139 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs 67.80 on 20-Feb-2015 and a 52 week low of Rs. 6.63 on 14-Mar-2014.

Last one week high and low of the scrip stood at Rs. 59.00 and Rs. 55.20 respectively. The current market cap of the company is Rs. 459.10 crore.

The promoters holding in the company stood at 59.44% while Institutions and Non-Institutions held 0.17% and 40.38% respectively.

Reserve Bank of India (RBI) has allowed Foreign Institutional Investors (FIIs) to buy shares in Zen Technologies as the foreign shareholding in the company has gone below the revised threshold limit. RBI has notified that FIIs/ Registered Foreign Portfolios Investors (RFPIs) can invest up to 20 per cent and Non Resident Indian (NRI)/Persons of Indian Origin (PIO) can invest up to 4 per cent of the paid up capital of Zen Technologies under the Portfolio Investment Scheme (PIS). The company has already passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, for allocating the sub limits for the purchase of is equity shares and convertible debentures by FIIs/RFPIs.

Zen Technologies, over the years, has developed expertise in designing, developing and manufacturing various types of simulators. The products developed in-house not only meet all qualitative standards but also are cost-effective. Zen has an ISO 9001:2008 (QMS), ISO 27001:2005 (ISMS) Certification and is a CMMI Level 3 company.

 

Zen Technologies Share Price

2500.75 75.85 (3.13%)
20-Dec-2024 16:59 View Price Chart
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