Shares of Datamatics Global Services surged over 2%, reaching the day’s high following the announcement of its acquisition of TNQ Tech Private Limited through its subsidiary, Lumina Datamatics. The deal, valued at ₹336 crore for the initial tranche, is expected to close by December 31, 2024.
Key Highlights:
- Acquisition Target: Chennai-based TNQ Tech, renowned for digital publishing and software solutions.
- Revenue Performance: FY24 turnover stood at ₹289.49 crore, highlighting its strong market presence.
- Strategic Benefits:
- Strengthens Datamatics’ global presence in digital content and AI-enabled publishing solutions.
- Expands the workforce to over 6,500 employees.
- Enhances AI-driven technology offerings for leading international publishers.
Datamatics Global Ser Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Fri, Dec 6 2024
|
₹606.80
|
₹626.35
|
|
|
Thu, Dec 5 2024
|
₹609.95
|
₹608.10
|
|
|
Wed, Dec 4 2024
|
₹601.70
|
₹590.70
|
-0.73%
|
|
Tue, Dec 3 2024
|
₹604.00
|
₹595.05
|
-0.91%
|
|
Mon, Dec 2 2024
|
₹579.90
|
₹600.50
|
|
|
Fri, Nov 29 2024
|
₹565.95
|
₹580.40
|
|
|
Thu, Nov 28 2024
|
₹571.00
|
₹566.50
|
-0.48%
|
|
Wed, Nov 27 2024
|
₹554.80
|
₹569.25
|
|
This acquisition solidifies Datamatics’ leadership in the global digital publishing ecosystem while advancing its long-term strategy in technology-driven solutions.