India's Aurionpro Solutions hits upper circuit on buying fintech startup

Aurionpro Solutions

19/04/2024 09:02

** Shares of Aurionpro Solutions  APSL.NS  hit upper circuit
of 5% at 2,436.85 rupees
    ** The technology company said that they have acquired a
Mumbai-based fintech startup called Arya.ai, which focuses on
providing technology services for banks and insurance companies
    ** With this acquisition, APSL will improve its range of
financial technology services for businesses
    ** The aggregate investment, including secondary acquisition
and fund infusion, is about $16.5 mln - APSL 
    ** APSL is on track for a third consecutive session of
gains, if trend holds 
    ** More than 70,000 shares traded as of 1:22 p.m. IST, 4.1x
the 30-day moving avg; logs busiest session since Feb. 12
    ** Including session's gain, stock is up 11.9% YTD 



 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))