Zensar shares up 5% on overseas acquisition buzz

MUMBAI: Zensar Technologies rose more than 5 per cent on media reports the firm is scouting for acquisitions in Germany and Switzerland. The company plans to close a deal by the end of the current financial year.

According to the report, Pune-based Zensar also plans to set up a centre in Latin America in the next two years. The company has zeroed in on Mexico, Chile or El Salvador as possible destinations for the centre and a final decision would be taken by the end of the current fiscal.

At 1 pm, Zensar shares were up 4.92 per cent at Rs 144 after touching a high of Rs 151 with volume traded at 9,897 against two-week average of 22,293 shares.