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Saksoft soars over 55% in three-days on acquisition of ThreeSixty Logica Testing Services

The stock rallied 59% to Rs 211 from Rs 133 on December 31, 2014 as compared to 1.8% rise in S&P BSE Sensex.

SI Reporter Mumbai
Shares in Saksoft is locked in upper circuit of 10% at Rs 211 on BSE, extending its past two days rally, after the information technology (IT) firm announced that it has acquired a majority stake in ThreeSixty Logica Testing Services Private Limited for an undisclosed amount.

On January 1, Saksoft, the information management specialist company, in a filing to the BSE, said it has acquired a 51% ownership stake in ThreeSixty Logica Testing Services Private Limited, Independent Software Testing services company.

The stock rallied 59% from Rs 133 on December 31, 2014 as compared to 1.8% rise in the benchmark S&P BSE Sensex.

Till 0956 hours, a combined 22,508 shares changed hands and there are pending buy orders for 30,800 shares on BSE and NSE.
 
 

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First Published: Jan 05 2015 | 10:04 AM IST

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