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Larsen & Toubro Infotech surges on concluding acquisition of Syncordis India

12 Dec 2017 Evaluate

Larsen & Toubro Infotech is currently trading at Rs. 999.00, up by 14.35 points or 1.46% from its previous closing of Rs. 984.65 on the BSE.

The scrip opened at Rs. 981.95 and has touched a high and low of Rs. 999.00 and Rs. 981.95 respectively. So far 497 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1023.95 on 01-Dec-2017 and a 52 week low of Rs. 647.10 on 12-Dec-2016.

Last one week high and low of the scrip stood at Rs. 1,009.00 and Rs. 961.00 respectively. The current market cap of the company is Rs. 16973.39 crore.

The promoters holding in the company stood at 84.03%, while Institutions and Non-Institutions held 7.96% and 8.02% respectively.

Larsen & Toubro Infotech (LTI) has completed acquisition of 100% shareholding of Syncordis Software Services India (Syncordis India) from Syncordis S.A., thereby making Syncordis India, a wholly owned subsidiary of the company. The acquisition of Syncordis S.A., Luxembourg along with other identified subsidiaries in Luxembourg, France and UK, is in the process of closure and completion of which will be intimated by the company in due course.

Earlier in November, LTI had executed definitive agreements for acquisition of Syncordis S.A. headquartered in Luxembourg along with its identified subsidiaries in Luxembourg, France, UK and India.

Larsen & Toubro Infotech is a global technology consulting and digital solutions company, helping more than 250 clients succeed in a converging world.

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