The shares of this small cap company, engaged in providing business solutions in various fields jumped over 6 percent in Friday’s trading session after the Board approved the acquisition of a 100 percent stake in Fintra Software Private Limited.
Stock Movement
With a market capitalization of Rs 7,872.35 crore, Aurionpro Solutions Ltd jumped 6 percent in Friday’s trading session and made a high of Rs 1,454.95 per share compared to its previous closing price of Rs 1,367 per share. The stock retraced from its day’s high and was trading at Rs 1,425.80 which is over 4 percent higher than the previous closing price.
What Happened
Aurionpro Solutions Ltd is set to acquire a 100 percent stake in Fintra Software Private Limited, including all the intellectual property rights and resources, for a consideration of Rs 23 crore. This strategic move aims to strengthen Aurionpro’s transaction banking portfolio with an integrated front-to-back solution for cash and trade management.
Fintra Software Private Limited is a leading technology company specializing in software solutions for Wholesale Banking, including Trade Finance, Supply Chain Finance, Escrow, and Factoring.
Company Overview
Aurionpro Solutions Limited primarily delivers software products and consulting services to the banking sector, both in India and internationally. The company specializes in offering business solutions across key areas such as Transaction Banking Platforms, Customer Experience through its ACE Platform, Smart City and Smart Transportation solutions.
Financial Performance
When looking at the financial statements, the company reported a 32 percent increase in its revenue from Rs 231 crore to Rs 306 crore in Q3 FY24-25. This was accompanied by a 26 percent increase in net profits from Rs 38 crore to Rs 48 crore during the same period.
FII Holding
Renowned foreign investor Goldman Sachs holds around 12 lakh shares, representing a 2.16 percent stake in the company.
Written by Shwetha Sairam
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