Shares of KPIT Technologies Ltd are in focus on Wednesday after the IT firm said it has raised its stake in N-Dream to 88.9 per cent. On August 8 this year, the IT firm had informed stock exchanges that it had upped its stake in N-Dream to 51 per cent from 26 per cent for 6.5 million euros, making it a subsidiary. The IT firm had then suggested that it would increase its stake in N-Dream to up to 90 per cent in two or more tranches during the current financial year. Advertisement

"We wish to inform you that the company, through its wholly owned subsidiary, KPIT Technologies (UK) Limited, has acquired further stake of 62.9 per cent, taking the total of KPIT group shareholdings to 88.9 per cent in N-Dream at a consideration of 16.35 million euros. As a result, N-Dream has become a step-do

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