Secmark Consultancy to acquire 20% stake in Trakiot Solutions; Stock slips 1.5%

24 Feb 2022 , 09:19 AM

Secmark Consultancy Ltd has entered into Share Subscription Agreement and Shareholders’ Agreement with Trakiot Solutions Private Limited (Trakiot) and its Promoters in connection with subscription of 2,500 equity shares of face value Rs 10 each of Trakiot on February 23, 2022.

The Company proposes to acquire 2,500 equity shares of Trakiot having face value of Rs10/- each which will be 20% shareholding in Trakiot post acquisition.

Trakiot is in the business of software designing, development, customisation, implementation, maintenance, testing and bench marking, designing, developing, dealing and marketing in computer and mobile software and solutions and undertaking IT enabled services, the company said in a regulatory filing.

SecMark offers Software and Technology products and services to its clients and the acquisition of shares of Trakiot will have synergy with the business of Company, it further added.

At around 9:21 AM, Secmark Consultancy was trading at Rs127 per piece down by 1.55% on Sensex.