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L&T Technology Services is currently trading at Rs. 5365.20, up by 257.85 points or 5.05% from its previous closing of Rs. 5107.35 on the BSE.

The scrip opened at Rs. 5181.00 and has touched a high and low of Rs. 5370.00 and Rs. 5166.45 respectively. So far 4684 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 5990.00 on 29-Aug-2024 and a 52 week low of Rs. 4228.00 on 04-Jun-2024.

Last one week high and low of the scrip stood at Rs. 5370.00 and Rs. 5006.40 respectively. The current market cap of the company is Rs. 56310.29 crore.

The promoters holding in the company stood at 73.69%, while Institutions and Non-Institutions held 18.08% and 8.23% respectively.

L&T Technology Services (LTTS) and its wholly owned subsidiary --L&T Technology Services LLC, have signed transaction documents/ definitive agreements with the relevant parties for acquisition of 100% shares of Intelliswift Software (India) by LTTS and Intelliswift Software Inc. by L&T Technology Services LLC, for an aggregate consideration of up to $110 million, subject to customary closing adjustments and closing conditions in accordance with the terms of the transaction documents. (Proposed Transaction).

The acquisition will enhance LTTS' AI and software capabilities in the Digital Engineering suite for global clients, through enhanced software product development, data and platform engineering capabilities, addition of Intelliswift’s AI-led automation framework and Digital enterprise & integration services through agile engineering and next generation technologies. 

The proposed acquisition is expected to be completed on or before February 28, 2025, subject to fulfilment of the closing conditions under the definitive agreements, or such other date, as may be mutually agreed between the parties.

L&T Technology Services is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.