Larsen & Toubro Infotech Limited completes acquisition of Cuelogic

Larsen & Toubro Infotech Limited had earlier announced the signing of definitive agreement for acquisition of Cuelogic Technologies Private Limited ('Cuelogic'), having its registered office in Pune along with its 100% subsidiary in US, Cuelogic Technologies, Inc. The Company has completed the acquisition of 100% shareholding of Cuelogic on July 7, 2021.

Consequently, Cuelogic is now a wholly owned subsidiary of the Company and Cuelogic Technologies Inc., US is now wholly owned step-down subsidiary of the Company.

Shares of Larsen & Toubro Infotech Ltd was last trading in BSE at Rs.4035.35 as compared to the previous close of Rs. 4030.15. The total number of shares traded during the day was 82655 in over 1833 trades.

The stock hit an intraday high of Rs. 4073 and intraday low of 3991.45. The net turnover during the day was Rs. 333123911.

Source : Equity Bulls

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