KPIT Technologies’ shares declined by 5.4% due to a flagged weak demand environment and slower deal closures. Despite this, the company’s board approved the complete acquisition of Caresoft’s Global Engineering Solutions business, pending certain closing conditions. The revenues from Caresoft are expected to be consolidated starting in Q2FY26, potentially adding approximately 4% to KPIT’s overall revenue in FY26 over FY25.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets