Zensar Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on November 22, 2010 have noted that the Company's wholly owned subsidiary Company in USA i.e. Zensar Technologies Inc, has entered into definitive agreements to acquire PSI Holdings Group Inc. a limited liability company Incorporated in Massachusetts, USA and its wholly owned subsidiaries namely (i) Akibia, Inc. (ii) Aquila Technology Corp; and (iii) Akibia B.V (hereinafter collectively referred to as "AKIBIA "). AKIBIA is active in the area of Infrastructure Management Services in North America and Europe and provides IT services in Data Centre management and Network Security solutions.
Further the Company has informed that, Zensar Technologies Inc. has entered into definitive agreements.
The stock was trading at Rs.159.85, down by Rs.1.95 or 1.21%. The stock hit an intraday high of Rs.168 and low of Rs.158.
The total traded quantity was 0.29 lakhs compared to 2 week average of 0.15 lakhs.