L&T Technology Services Ltd (NSE: LTTS), a leading global pure-play engineering services company, has completed the acquisition, effective October 15, 2018, of Bengaluru-based Graphene Semiconductor Services Pvt. Ltd, a provider of end to end semiconductor services.
The acquisition is in accordance with the terms set out in the agreement announced by the company on September 06, 2018. Graphene's strong offshore presence coupled with expertise in complete VLSI Chip Design & Embedded Software will enhance LTTS' capabilities in the Semiconductor & Product OEM space.
Following this transaction, Graphene, with employees in India, Singapore, Taiwan, and Malaysia, has become a wholly owned subsidiary of LTTS.
Shares of L&T Technology Services Ltd was last trading in BSE at Rs.1654 as compared to the previous close of Rs. 1615. The total number of shares traded during the day was 12804 in over 1166 trades.
The stock hit an intraday high of Rs. 1669.9 and intraday low of 1614.15. The net turnover during the day was Rs. 21054651.