Infosys soars on completing acquisition of Noah Consulting

19 Nov 2015

Infosys is currently trading at Rs 1043.05, up by 23.20 points or 2.27% from its previous closing of Rs. 1019.85 on the BSE.

The scrip opened at Rs. 1032.00 and has touched a high and low of Rs. 1047.20 and Rs. 1024.60 respectively. So far 272037 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1219.00 on 12-Oct-2015 and a 52 week low of Rs. 932.55 on 10-Jul-2015.

Last one week high and low of the scrip stood at Rs. 1107.00 and Rs. 1012.25 respectively. The current market cap of the company is Rs. 239778.05 crore.

The promoters holding in the company stood at 13.08% while Institutions and Non-Institutions held 57.06% and 13.08% respectively.

Infosys has completed the acquisition of Noah Consulting, LLC, a leading provider of advanced information management consulting services for the oil and gas industry. The acquisition is in accordance with the terms set out in the agreement announced by the company on October 19, 2015.

Noah's deep industry knowledge, information strategy planning, data governance and architecture capabilities combined with Infosys' ability to provide technology and outsourcing services, will offer clients in the oil and gas Industry next-generation data analytics solutions.

Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.

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