Compuage Infocom concludes rights issue, receives oversubscription of 1.45x

Compuage Infocom Limited, distributor of Enterprise Solutions, Cloud Computing, IT Consumer and Hardware Services has closed its Rights Issue period with subscriptions amounting to approximately 1.45 times of the Issue Size.

Commenting on the success of the Rights Issue, Atul Mehta, Chairman & Managing Director, said, "We at Compuage, are grateful by the response, as this will not only assist us in achieving our objectives, but also accelerate our strategic initiatives, such as growing our reach, driving the Company and will also allow us to more aggressively seize the growth possibilities that lie ahead."

At around 3:15 PM, Compuage Infocom Ltd is currently trading at Rs26.15 per share up by Rs0.05 or 0.19% from its previous closing of Rs26.10 per share on the BSE.

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