Majesco is currently trading at Rs. 776.00, up by 12.25 points or 1.60% from its previous closing of Rs. 763.75 on the BSE.
The scrip opened at Rs. 798.00 and has touched a high and low of Rs. 798.00 and Rs. 771.95 respectively. So far 5145 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 802.95 on 14-Aug-2020 and a 52 week low of Rs. 170.55 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 798.00 and Rs. 754.40 respectively. The current market cap of the company is Rs. 2297.96 crore.
The promoters holding in the company stood at 38.23%, while Institutions and Non-Institutions held 23.55% and 38.23% respectively.
Thoma Bravo -- a leading private equity firm focused on the software and technology-enabled services sectors, has completed the acquisition of Majesco, a global leader of cloud insurance software solutions for insurance business transformation. As previously announced on August 8, 2020, under the terms of an amended and restated definitive merger agreement, Thoma Bravo agreed to acquire all of the issued and outstanding shares of Majesco common stock for $16.00 per share in cash.
In conjunction with the closing, Majesco's common stock will cease trading before the market opens on September 22, 2020 and the Company will no longer be listed on the Nasdaq stock exchange. Majesco will operate as a privately-held company.
Majesco enables insurance business transformation for approximately 150 insurance customers by providing solutions which include software, consulting and services.