Shares of Saksoft soared over nearly 16% to Rs 154 after the company said it has acquired 51% stake in ThreeSixty Logica Testing Services Pvt. Ltd.
"We are very excited with this investment and believe our focus on Information Management combined with their expertise in independent testing will enable us to further leverage our capabilities as a niche technology services provider," Saksoft said in a release quoting Aditya Krisha, CEO.
ThreeSixty Logica Testing Services Pvt. Ltd offers high-end software testing programs and test solutions to independent software vendors, software product companies and SMEs, the release added.
The stock opened at Rs 142 and touched a high of Rs 155. At 11:30AM, over 21,000 shares were traded on both the stock exchanges.
