 "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.