Zensar Technologies Rises After New Acquisition Plans
Shares of the Pune-based application software developer rose as much as 2.7 percent to Rs 947. — Zensar Technologies Ltd. will acquire U.S.-based insurance-tech company Cynosure for $33 million, to expand its foothold in the fast-growing property and casualty insurance space. A combination of internal accrual and debt will be used to finance the entire deal, the midcap I.T. firm said in an exchange filing.