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Zensar gains on entering into agreement to acquire Keystone Logic Solutions

Zensar Technologies Ltd. | IT - Software | IT & ITES | BSE: 504067 | NSE: ZENSARTECH

31 Mar 2017 Evaluate

Zensar Technologies is currently trading at Rs. 925.10, up by 3.05 points or 0.33% from its previous closing of Rs. 922.05 on the BSE.

The scrip opened at Rs. 923.05 and has touched a high and low of Rs. 929.65 and Rs. 905.20 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1136.05 on 09-Aug-2016 and a 52 week low of Rs. 865.00 on 02-Feb-2017.

Last one week high and low of the scrip stood at Rs. 929.75 and Rs. 891.00 respectively. The current market cap of the company is Rs. 4,147.30 crore.

The promoters holding in the company stood at 48.60%, while Institutions and Non-Institutions held 16.57% and 34.82% respectively.

Zensar Technologies has entered into a definitive agreement to acquire the business of Keystone Logic Solutions. In addition, Zensar Technologies Inc., a wholly owned subsidiary of Zensar Technologies will acquire Keystone Logic Inc., a wholly owned subsidiary company in Atlanta, US of Keystone Logic Solutions.

Under the terms of the agreements, Keystone Logic Inc. will be a wholly-owned subsidiary of Zensar Technologies Inc. and the business of Keystone Logic Solutions will become a part of Zensar Technologies on completion of the transaction. The deal will be financed by internal accruals, and will be EPS positive for the company.

Zensar Technologies operates as a software service company. It is engaged in software development, networking, e-commerce and systems integration services. It also provides consulting, collaboration services and business process outsourcing services.

Zensar Technologies Share Price

596.30 -6.70 (-1.11%)

20-Apr-2026 09:22 View Price Chart

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Zensar gains on entering into agreement to acquire Keystone Logic Solutions

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