Stocks of Kellton Tech Solutions are soaring up by nearly 5% or Rs 6.35 per share, as the company has acquired Lenmar Group of Companies, a global IT services and solutions group.
Lenmar Consulting, the flagship company, provides a broad range of IT offerings, including cloud services and cutting-edge custom development, and has carved a niche for itself in the BFSI market.
Kellton Tech, through this acquisition, will expand its market share in the banking and financial services space, and will be able to deliver composite strategic value to a wider range of customers.
Lenmar will leverage Kellton Tech’s capability edge and global footprint to expand its technological and geographical reach. At 11:32 IST, BSE IT index is trading up by 23 points or 0.23% at 10444 levels.