Karuturi Networks acquires Delhi based ISP business

Karuturi Networks Ltd has announced that the Board of Directors of the Company has approved acquisition of a Company involved in ISP business based in Delhi.

This move will enable the Company establish a Pan India foot print and place the Company in the list of the most elite broad band service providers in the country and will contribute significantly to the revenues and bottom line of the Company starting from the second half of this financial year.

The stock closed the day at Rs.174.90, down by Rs.8 or 4.37%. The stock hit an intraday high of Rs.188.40 and low of Rs.174.05. The total traded quantity was 217861 shares compared to 2 week average of 259868.

Source : Equity Bulls

Keywords