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LTI to acquire Cuelogic Technologies for $8.4 million; stock gains 2%

The acquisition is subject to customary closing conditions which are expected to get completed within 2 to 4 weeks

Topics
Buzzing stocks | Larsen & Toubro Infotech | Markets

SI Reporter  |  New Delhi 

Larsen & Toubro Infotech (Website screenshot)
Larsen & Toubro Infotech (Website screenshot)

Shares of gained 2.2 per cent to Rs 4,148 apiece on the BSE in Wednesday's intra-day session after the company announced acquisition of Cuelogic Technologies Private Limited, a Pune based Digital Engineering company. At 12:28 PM, the stock was trading 1.6 per cent higher at Rs 4,222 per share as against a 0.45 per cent decline in the benchmark S&P BSE Sensex.

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First Published: Wed, June 16 2021. 12:35 IST
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