RS Software climbs after making further investment in subsidiary

The company has made further investment of Rs 5,90,00,000 in Paypermint Private Limited, its wholly owned subsidiary for allotment of 59,00,000 equity shares of Rs 10 each.

Dec 30, 2016 04:12 IST India Infoline News Service

Man and Computer
R S Software (India) Ltd climbed 2% after announcing that the company has made further investment of Rs 5,90,00,000 in Paypermint Private Limited, its wholly owned subsidiary for allotment of 59,00,000 equity shares of Rs 10 each.

The scrip opened at Rs 111 and has touched a high and low of Rs 114.4 and Rs 111 respectively. So far 1177239 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 282.41 crore.

The BSE group 'B' stock of face value Rs 5 has touched a 52 week high of Rs 147 on 31-Dec-2015 and a 52 week low of Rs 57.25 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 113.2 and Rs 92.7 respectively.

The promoters holding in the company stood at 39.38 % while Institutions and Non-Institutions held 4.16 % and 52 % respectively.

The stock is currently trading above its 200 DMA.

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