Cerebra Integrated Technologies, India's leading total IT solution provider, announced Wednesday that the promoters have increased their stake in the company by 4.45% by creeping acquisition through market purchase.

Shridhar S. Hegde, executive director & CEO, Cerebra Integrated Technologies, said, "We see a bright future for Cerebra as we have gone through all the phases of the business lifecycle and hence thought it fit to increase our stake, one to increase the shareholder confidence in Cerebra and second to prove that we are here to stay."

With this stake hike, the current holding of the Promoters group now stands at 8.53% from its earlier 4.08%.

Shares of the company declined Rs 0.49, or 2.71%, to trade at Rs 17.60. The total volume of shares traded was 196,346 at the BSE (11.14 a.m., Thursday).