Kale Consultants has moved up 7% to Rs 75.80 after the company said that a leading South American airline LAN has selected REVERA Interline service for processing their passenger interline billings.
“REVERA Interline will enable LAN to instantly comply with IATA's SIS (simplified interline settlement) requirements, to improve interline billing accuracy and rejection rate and strengthen airline cash flows,” Kale Consultants, part of the Accelya group and a leading solution provider to the airline and travel industry said in a filing to the stock exchanges.
The stock opened at Rs 72.50 and hit a high of Rs 78.50 after the announcement on the NSE. A combined 151,496 shares have changed hands on the counter till 1154 hours.