GSS Infotech skyrockets 16% after promoter acquires 1.02 lakh equity shares

Raghunadha Rao Marepally increased the shareholding in the company to 18.55% from 17.95% via an open market transaction on June 16.

Jun 23, 2021 09:06 IST India Infoline News Service

Acquisition Concept
GSS Infotech Limited promoter Raghunadha Rao Marepally acquired 1.02 lakh equity shares via an open market transaction on June 16, increasing shareholding in the company to 18.55% from 17.95% (3040328 equity shares) earlier.

The total diluted share/voting capital of GSS Infotech after the said acquisition remains 16936843. 

At around 9.57 AM, GSS Infotech Ltd was trading at Rs75.75 per piece up Rs10.45 or 16.00% on the BSE. The stock hit a day's high of Rs76 per piece on Wednesday, near 52-week high of Rs76.30 per piece. 

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