The company has delivered negative returns of 26 per cent over the past year and stellar returns of 197 per cent over the past 3 years.

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With this acquisition HGSL's share capital will rise from Rs 41.79 crore to Rs 52.48 crore

In its recent review, 43 securities have been added, while 16 securities have been deleted from The MSCI India Domestic Small Cap Index. 

Due to the global sell-off, the Indian equity markets traded under pressure with Sensex rattling 1,416.30 points or 2.61 per cent ending at 52,792.23 level while Nifty declining 430.90 points or 2.65 per cent at 15,809.40 level.  

On Thursday, Indian markets opened with mixed cues following the Asian market as investors focused on easing COVID measures which could help in economic recovery and also kept an eye on today's NATO summit focused on Ukraine.

BSE Small-cap index plunged 1.78 per cent during early market hours and is trading at 27,250 levels.