[ad_1]

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.

Check out more 5paisa webstories 

Swipe up

Swipe up to  Open Demat Account

[ad_2]