Virinchi Tech share up 5.5% on contract extension

Virinchi Technologies Ltd has got a 3-year extension for application servicing from a leading retail micro lending company in US.

By INDIATIMES NEWS NETWORK | Sep 18, 2007, 12.22 PM IST

MUMBAI: Virinchi Technologies Ltd has got a 3-year extension for application servicing from a leading retail micro lending company in US. The guaranteed annual revenue from this extension is estimated at $1.2 million with a potential of over $2 million per year over the three-year period.

The stock was up 5.5 per cent at Rs 36.45 on BSE.

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