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Larsen & Toubro Infotech Ltd completes acquisition of Ruletronics

Posted On: 2019-03-16 09:57:21

Larsen & Toubro Infotech Ltd had earlier announced the signing of definitive agreements for acquisition of Ruletronics Systems Private Limited, India (Ruletronics India), Ruletronics Limited, UK (Ruletronics UK) and Ruletronics Systems Inc, US (Ruletronics US), we would like to inform that the Company has completed acquisition of 100% shareholding of Ruletronics India, Ruletronics UK and Rulet ronics US by itself and through its wholly owned subsidiary Larsen & Toubro lnfotech GmbH, Germany.

With this acquisition Ruletronics India is now wholly owned subsidiary of the Company, and Ruletronics UK and Ruletronics US are now wholly owned step-down subsidiaries of the Company.

Shares of Larsen & Toubro Infotech Ltd was last trading in BSE at Rs.1633.25 as compared to the previous close of Rs. 1636.75. The total number of shares traded during the day was 8316 in over 1154 trades.

The stock hit an intraday high of Rs. 1664.3 and intraday low of 1631.65. The net turnover during the day was Rs. 13683573.


Source: Equity Bulls

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