Infosys, a leading consulting, technology, outsourcing and next-generation services provider, witnessed a rise in share price on Thursday after the company has completed the acquisition of Noah Consulting, LLC, a leading provider of advanced information management consulting services for the oil and gas industry.
The acquisition is in accordance with the terms set out in the agreement announced by the company on Oct. 19, 2015.
Noah's deep industry knowledge, information strategy planning, data governance and architecture capabilities combined with Infosys' ability to provide technology and outsourcing services, will offer clients in the oil and gas industry next-generation data analytics solutions.
Shares of Infosys are trading at Rs 1,045.95, up Rs 26.1, or 2.56% at the Bombay Stock Exchange (BSE) on Thursday at 3:26 p.m.
Total volume of shares traded on the bourses today was higher by 54.42% to 4,142,767 compared with 22-day average volume of 2,682,786.