ITC stock price  increases with ITC Infotech acquisition news

ITC Infotech on Friday announced a deal to acquire a 100% stake in Blazeclan Technologies Private Limited based in Pune.

ITC Infotech is a fully-owned subsidiary of ITC. The deal of acquiring the Pune-based IT company is worth Rs. 485 cr. 

The entire deal will be completed in 6 to 8 weeks. The shares of ITC traded in the range of Rs. 416 to Rs. 426.15 on Friday.

It will help ITC Infotech to increase its capabilities in serving clients in multi-cloud and hybrid-cloud environments.

Blazeclan is known for being an AWS Premier Partner and Snowflake Elite Partner. The company offers Cloud transformation solutions.

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