Infotech firm Zensar Technologies today said that it has decided to close its Hong Kong branch with immediate effect. The company did not give the reasons for the closure.
Zensar provides end-to-end services from IT development to business process outsourcing, from consulting to implementation. It has 5,000 associates and sales and operations presence across a dozen countries including US, UK, Germany, Sweden, Finland, Middle East, among others.
The company's stock was trading at Rs 294 at 12.28 pm, nearly 0.62 per cent down from Wednesday's close.