Friday, July 4, 2008

Tricom India hardens on overseas acquisition

Tricom India surged 6.32% to Rs 106.80 at 10:19 IST on BSE on acquiring 100% interest in US based Pacific Data Centers, Inc through its subsidiary Tricom Document Management, Inc for $2.25 million.
The company made this announcement after trading hours yesterday, 3 July 2008.
The stock hit a high of Rs 106.80 and a low of Rs 101 so far during the day. The stock had a 52-week high of Rs 256.70 on 10 January 2008 and a 52-week low of Rs 96.50 on 4 July 2007.
The company has an equity capital of Rs 11.66 crore. Face value per share is Rs 10.
The current price of Rs 106.80 discounts its Q4 March 2008 annualised EPS of Rs 17.15, by a PE multiple of 6.23.
Pacific Data Centers (PDC), Inc provides quality-efficient virtual administrative and management customer support.
Tricom also announced that it had completed acquisition of Godrej Global Solutions, which specializes in healthcare insurance, form processing, data capture and data conversion.
Tricom India’s net profit rose 13.90% to Rs 5 crore on 15.51% increase in net sales to Rs 12.14 crore in Q4 March 2008 over Q3 December 2007.
The company provides non-voice related information technology enabled services (ITES) – business process outsourcing (BPO) services for global businesses.

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