I-flex jumps on Singapore acquisition

DALAL STREET SPIKES

i-flex surged to touch Rs 2,035, closer to its 52-week high, and closed at Rs 1,974 with a meagre gain of 0.62 per cent with volumes soaring six times.

The company announced its definitive agreement to acquire consulting practice of the Singapore subsidiary of Capco - The Capital Markets Company Pte Ltd in order to strengthen i-flex's foray in consulting in the Asia-Pacific region and cater to the BFSI (banking, financial services and insurance) sector.

The company also aims to continue to invest in technology and consulting practices. The stock has registered a gain of 16.19 per cent in the past month.