Multibagger Recommendation : Core Projects & Technologies

 

About Core Projects and Technologies Ltd

Core Projects and Technologies Ltd. (CPTL) provides IT products solutions with a special focus on the Education, Government and Logistics Verticals.

An ISO 9001:2000 certified company, Core has offices in the UK, USA, Africa, Middle East and India. Its elite project teams based at its offices and Offshore Development Centers are highly Competent, Mobile & Scalable.

Story: Core project is a solid story which has corrected over 65% just in a matter of a month.This scrip has got huge potential and in no way deserves the present price.Accumulate it at these levels and at every declines.Lot of brokerages has covered the company at above 300 levels for huge targets.Certainly one ofthe best buys in these markets.

 

 

A V Birla Group acquire stake in CORE Projects
28 Feb, 2008
CORE Projects & Technologies Ltd. is pleased to announce that Shareholders of the
Company at their meeting held on 27 February 2008 approved the issue of 4,50,000
warrants to “TGS Investment & Trade Pvt. Ltd.” the Private Equity Arm of the A V
Birla Group on preferential basis as per the SEBI Guidelines at an issue price of
Rs.305/- to be exercised / exchangeable with 4,50,000 Equity Shares of Rs.2/- each
at a premium of Rs.303/- per share. This will constitute approximately 0.5% of the
total capital.
“This is the initial strategic investment by the A. V. Birla Group provides confidence
of CORE’s business model and its dominant presence in the Education Domain
globally” shares Mr. Sanjeev Mansotra, Chairman & Managing Director, CORE
Projects. Mr. Bharat Banka the CEO of the private equity business of the A V Birla
group has already joined the Board of CORE Projects last month.
CORE Projects has been managing schools in many foreign countries including the
US, Africa and the UK. It is setting up 100 high-end virtual technology centers for
IGNOU.
It has also done a pilot project for the Jharkhand government where in it has given
complete solutions for schools, including up-gradation of infrastructure facilities to
training of the teaching stuff. It has won the Union HRD Ministry’s award for its
Jharkhand project. It hopes to replicate the success it achieved in Jharkhand in many
other states