Capital Market Last Updated at September 5, 2022 16:16 IST
Aurionpro Solutions rose 2.17% to 333.40 Rs after the company said it’s subsidiary will acquire Hello Patients Solutions Inc, a startup based in Delaware, USA.
The transaction will enable Aurionpro to gain significant capability in this exciting growth market. The company said this opportunity to acquire the firm with strong technology assets and a highly experienced team, came about due to the current very difficult funding environment for technology startups globally. The company’s turnover for the year ended 31 December 2021 stood at $ 13,874.
Aurionpro proposed to acquire 100% of equity share capital of Hello Patients through Aurionpro Fintech Inc, a subsidiary of the company based in USA for a cash consideration of $250,000.
Aurionpro Solutions is an advanced technology solutions company catering to the needs of the banking, mobility, payments and government sectors.
The company reported 65.7% rise in consolidated net profit to Rs 23.54 crore on a 25.7% increase in net sales to Rs 145.52 crore in Q1 FY23 over Q1 FY22.
Powered by Capital Market – Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Copyrights © 2022 Business Standard Private Ltd. All rights reserved.
Upgrade To Premium Services
Business Standard is happy to inform you of the launch of “Business Standard Premium Services”
As a premium subscriber you get an across device unfettered access to a range of services which include:
In Partnership with
Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.
Team Business Standard