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L&T Infotech gains after announcing acquisition

Capital Market 

Larsen & Toubro Infotech rose 1.27% to Rs 1,790.60 at 10:49 IST on BSE after the company acquired Ruletronics, a pure-play Pega consulting and implementation company with offices in the UK, USA, and India.

The announcement was made during market hours today, 17 January 2019.

Meanwhile, the BSE Sensex was up 102.76 points, or 0.28%, to 36,424.05

On the BSE, so far 4,492 shares were traded in the counter, compared with average daily volumes of 12,000 shares in the past two weeks. The stock had hit a high of Rs 1,794.90 and a low of Rs 1,768.90 so far during the day.

Ruletronics enables businesses to transform and evolve digitally by providing innovative BPM and CRM solutions leveraging Pega Platform. The company offers unique product based offerings for Disability Claims management, KYC Bulk Remediation, and Insurance Sales & Service applications.

The acquisition will strengthen Larsen & Toubro Infotech's rapidly growing digital business with a suite of capabilities in Pega implementation space around establishing BPM Roadmap & Strategy, Customer Services, RPA and Decisioning

Larsen & Toubro Infotech is a global technology consulting and digital solutions company.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 17 2019. 11:10 IST
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