Shares of Kellton Tech Solutions were locked in 5% upper circuit at Rs 206 on the Bombay Stock Exchange after the company announced the acquistion of US-based Bokanyi Consulting,cloud and analytics services provider.
Bokanyi Consulting registered revenue of around $8 million last year and is a recognised expert in serving the mid-market IT needs of customers across 12 countries, Kellton Tech Solutions said in a release.
With US already contributing substantially to Kellton Tech's revenue, the move will further improve its in-region support and help it cater to the increasingly profitable mid-markets, the release added.
The stock was locked in 20% upper circuit at Rs 206. On the BSE there were buyers for 112,801 shares. At 2:05pm, over 9,100 shares were traded on the BSE.
