Quick Touch Technology’s Board Approves Purchase of Dubai Firm – Check Details Here

Amid the weakness in the stock market, shares of Quick Touch Technology, a micro-cap company of IT business witnessed a slight rise and were trading at the level of Rs 123.55. Shares of Quick Touch Tech have been weak for the last few days and have given a negative return of 38 percent to investors in 3 months. The 52-week high of Quick Touch Technology shares is Rs 274 while the 52-week low is Rs 105.
The market cap of the company is around Rs 72 crore.
Quick Touch Technology has informed the stock market that the company has acquired a company named
Granu DMCC. The company had announced this on 29 February this year. The board of Quick Test Technology has approved the 100% acquisition of the company in the meeting held on Thursday, 20 June.
Grenew is a UAE registered company and its acquisition is expected to greatly help Quick Touch in its operations in the long term. The board of Quick Touch has said that this acquisition is expected to greatly help in opening up new international markets and new working sectors.
Grenew DMCC deals in used electrical and electronic appliances and has a network in the US, UK, Africa, Hong Kong and Middle East countries. The company holds a major share in the global trade of these products.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)