Uniinfo Telecom Services hits 5 per cent upper circuit; heres why!
Uniinfo Telecom Services has recently informed the exchange that it has received an approval letter for the listing of equity shares of Uniinfo Telecom Services Limited on Capital Market Segment (Main Board) of the exchange w.e.f January 12, 2022, under migration from the SME Emerge Platform as per the details given below:
Description of Securities: Equity shares of Rs 10/- each fully paid up
Symbol: UNIINFO
No. of Securities: 10693120
Market Lot: 1
In view of the above circumstances, the trading in equity shares of the Company on SME Platform (EMERGE) will be suspended with effect from January 12, 2022.
The company shall ensure submission of financial results following Regulation 33 of SEBI’s (Listing Obligations and Disclosure Requirements) Regulations, 2015; if migrated after the end of the quarter but before the due date for submission of said financial results.
Uniinfo Telecom Services is an Indian origin company, founded in 2010. They offer support services and solutions to address the network life cycle requirements of information and telecommunication technology. They are one of the leading companies providing comprehensive end to end solutions for mobile network connectivity & IT infra integration on a pan-India basis.
They are providing services to technology players ranging from telecom equipment manufacturers (OEM’s), telecom operators and IT service providers. In the last few years, they have expanded their footprint overseas as well.
Shares of Uniinfo Telecom Services froze at 5 per cent upper circuit during early market hours on Tuesday, January 11, 2022. The scrip has recorded a fresh 52-week high of Rs 45.20 on the bourses.
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