 "eClerx Services hits lifetime high ahead of board meet")
eClerx Services has rallied nearly 5% to Rs 1,825, also its lifetime high on the BSE, ahead of board meeting today for considering merger of subsidiary with itself.
"A meeting of board of directors of the company will be held on September 11, 2015 to consider and approve, if thought fit, the scheme of amalgamation of Agilyst Consulting Private Limited, an indirect wholly owned subsidiary with the company," eClerx Services said in a BSE filing on September 2.
The company will also approve to authorise directors and other authorised personnel for taking necessary action in this regard, it added.
Meanwhile, since August 10, the stock surged 21% after reported a better-than-expected consolidated net profit at Rs 73.24 crore for the first quarter ended June 30, 2015 (Q1). The S&P BSE Sensex declined 8.4% during the same period.
The mid-sized software company, engaged in the knowledge process outsourcing (KPO) business, had posted a profit of Rs 53.18 crore in the March 2015 quarter. It had reported a profit of Rs 53.40 crore in the June 2014 quarter.
"A meeting of board of directors of the company will be held on September 11, 2015 to consider and approve, if thought fit, the scheme of amalgamation of Agilyst Consulting Private Limited, an indirect wholly owned subsidiary with the company," eClerx Services said in a BSE filing on September 2.
The company will also approve to authorise directors and other authorised personnel for taking necessary action in this regard, it added.
Meanwhile, since August 10, the stock surged 21% after reported a better-than-expected consolidated net profit at Rs 73.24 crore for the first quarter ended June 30, 2015 (Q1). The S&P BSE Sensex declined 8.4% during the same period.
The mid-sized software company, engaged in the knowledge process outsourcing (KPO) business, had posted a profit of Rs 53.18 crore in the March 2015 quarter. It had reported a profit of Rs 53.40 crore in the June 2014 quarter.
