Geometric trades weak ahead of board meet
The board of directors of the company will meet today to discuss various strategic and restructuring options.
 "Geometric trades weak ahead of board meet")
Geometric has dipped 4% to Rs 197, falling nearly 6% from its intra-day high on the BSE, ahead of board meeting today to discuss various strategic and restructuring options. The stock hit a record high of Rs 209 on the BSE in early morning trade.
A meeting of the board of directors of the company will be held on April 01, 2016 after 5 p.m. to discuss various strategic and restructuring options, Geometric said in a statement.
According to Business Standard reports, India's fourth largest IT services company, HCL Technologies, has agreed to acquire Mumbai-headquartered engineering solutions company Geometric in a share swap deal that values it at $150-200 million.
At 09:41 AM, shares of Geometric were trading 2% lower at Rs 201 on the BSE. A combined 1.07 million shares changed hands on the counter on the BSE and NSE.
HCL Technologies was trading flat at Rs 816 on the BSE with a combined 536,835 shares changing hands on the counter on both the exchanges.
A meeting of the board of directors of the company will be held on April 01, 2016 after 5 p.m. to discuss various strategic and restructuring options, Geometric said in a statement.
According to Business Standard reports, India's fourth largest IT services company, HCL Technologies, has agreed to acquire Mumbai-headquartered engineering solutions company Geometric in a share swap deal that values it at $150-200 million.
At 09:41 AM, shares of Geometric were trading 2% lower at Rs 201 on the BSE. A combined 1.07 million shares changed hands on the counter on the BSE and NSE.
HCL Technologies was trading flat at Rs 816 on the BSE with a combined 536,835 shares changing hands on the counter on both the exchanges.