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Thinksoft Global Services is locked in upper circuit of 20% at Rs 194 on BSE after the company said that SQS Software Quality Systems AG has made an open offer at price of Rs 260 per share to public shareholders.
“SQS Software Quality Systems AG has made an open offer to acquire up to 3.05 million equity shares fully paid-up equity shares of face value of Rs 10 each at an offer price of Rs 260 per equity share, from the public shareholders of Thinksoft Global Services,” ICICI Securities the manager of the offer said in a BSE filing.
SQS Software Quality Systems, AG a company listed on the AIM at the London Stock Exchange, an independent software and verification services provider, has proposed to acquire stake in Thinksoft Global Services.
The promoters agree to sell 2.64 million shares or 26% of their stake at price of Rs 260 per share. As on September 30, 2013, the promoters held 5.45 million equity shares or 53.57% stake in IT consulting and services firm.
At 0950 hours, a combined around 60,000 shares have already changed hands and there are pending buy orders for 1.46 million shares on BSE and NSE.
“SQS Software Quality Systems AG has made an open offer to acquire up to 3.05 million equity shares fully paid-up equity shares of face value of Rs 10 each at an offer price of Rs 260 per equity share, from the public shareholders of Thinksoft Global Services,” ICICI Securities the manager of the offer said in a BSE filing.
SQS Software Quality Systems, AG a company listed on the AIM at the London Stock Exchange, an independent software and verification services provider, has proposed to acquire stake in Thinksoft Global Services.
The promoters agree to sell 2.64 million shares or 26% of their stake at price of Rs 260 per share. As on September 30, 2013, the promoters held 5.45 million equity shares or 53.57% stake in IT consulting and services firm.
At 0950 hours, a combined around 60,000 shares have already changed hands and there are pending buy orders for 1.46 million shares on BSE and NSE.
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