Zensar Technologies Ltd.

Zensar Technologies is currently trading at Rs. 1242.10, up by 6.70 points or 0.54% from its previous closing of Rs. 1235.40 on the BSE.

The scrip opened at Rs. 1250.00 and has touched a high and low of Rs. 1250.00 and Rs. 1235.00 respectively. So far 3530 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1345.35 on 24-May-2018 and a 52 week low of Rs. 729.90 on 16-Feb-2018.

Last one week high and low of the scrip stood at Rs. 1255.00 and Rs. 1210.50 respectively. The current market cap of the company is Rs. 5592.90 crore.

The promoters holding in the company stood at 48.87%, while Institutions and Non-Institutions held 18.88% and 32.25% respectively.

Zensar Technologies and the management of Indigo Slate have entered into a definitive agreement to acquire US West Coast based Indigo Slate. Zensar will acquire the entire share capital of Indigo Slate which will be funded by a mix of internal accruals and external debt.

The addition of Indigo Slate will strengthen Zensar’s capabilities in this fast-growing segment. In fiscal 2017, Zensar had acquired Foolproof, a UK based Digital experience firm to build its digital services business. Indigo Slate adds digital marketing expertise in the US, strengthening and broadening Zensar’s US based customer experience and digital transformation capabilities. Digital revenues have been growing at a 30% CAGR for Zensar and contributed to more than 38% of Zensar’s fiscal 2018 revenue, one of the highest in the Industry.

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.