Birlasoft Ltd.

KPIT Technologies is currently trading at Rs. 218.15, up by 8.90 points or 4.25% from its previous closing of Rs. 209.25 on the BSE.

The scrip opened at Rs. 200.00 and has touched a high and low of Rs. 222.50 and Rs. 200.00 respectively. So far 20,95,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 222.50 on 30-Jan-2018 and a 52 week low of Rs. 104.60 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 222.50 and Rs. 200.00 respectively. The current market cap of the company is Rs. 4,297.57 crore.

The promoters holding in the company stood at 18.93%, while Institutions and Non-Institutions held 52.24% and 28.83% respectively.

KPIT Technologies has received its board’s approval for amalgamation of Birlasoft with itself, while engineering business of the company will be demerged. As per the proposed merger, shareholders of Birlasoft will receive 22 equity shares of the combined KPIT-Birlasoft for every nine equity shares of Birlasoft. The combined KPIT-Birlasoft entity will be engaged in the IT business.

Headquartered in Pune (India), KPIT Technologies is a global technology company that specializes in providing IT Consulting and Product Engineering solutions and services to key focus industries.