Zensar Technologies, which had closed yesterday at Rs.338.35, opened today at Rs.342.80 and rushed to hit a new high at Rs.362.40.
The stock price surged as Board of Directors gave their nod for acquiring 100% membership interests in M3bi LLC, USA, by Zensar Technologies Inc. (wholly owned subsidiary of the Company), which was completed yesterday.
It also approved 100% equity share capital of M3bi India Private Limited by the company. M3bi’s capabilities are in the areas of data engineering, business intelligence & analytics, data warehousing & big data, as well as digital engineering services, which in turn will enhance Zensar’s existing data engineering and digital engineering capabilities.
Zensar and M3BI can jointly leverage the entire range of Zensar’s services for M3bi’s marquee clients.