Zensar moves higher on acquisition reports
Shares of Zensar Technologies moved higher after the company announced that it has entered into an agreement to acquire a US-based company and its subsidiary.
By ET Bureau |
MUMBAI: Shares of Zensar Technologies moved higher after the company announced that it has entered into an agreement to acquire a US-based company and its subsidiary.
The company's wholly owned subsidiary, Zensar Technologies Inc, has entered into definitive agreements to acquire PSI Holdings Group Inc. a limited liability company and its wholly owned subsidiaries Akibia, Inc, Aquila Technology Corp and Akibia B.
The company has not disclosed the financial details of the acquisition.
At 1;13 pm, the scrip was at Rs 161, up Rs 3.05 or 1.93 per cent. It touched a high of Rs 164.50 and low of Rs 159 in trade so far. Around 17,000 shares were traded in the counter.
The company's wholly owned subsidiary, Zensar Technologies Inc, has entered into definitive agreements to acquire PSI Holdings Group Inc. a limited liability company and its wholly owned subsidiaries Akibia, Inc, Aquila Technology Corp and Akibia B.
The company has not disclosed the financial details of the acquisition.
At 1;13 pm, the scrip was at Rs 161, up Rs 3.05 or 1.93 per cent. It touched a high of Rs 164.50 and low of Rs 159 in trade so far. Around 17,000 shares were traded in the counter.
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