New Delhi, June 24 -- KPIT Technologies share price fell over 5 per cent in Tuesday's trading session to Rs.1,315.40 apiece on NSE, following the company's indication of a sluggish demand environment and delays in finalizing deals.

KPIT Technologies stock opened nearly 4 per cent down at Rs.1,359.30 on June 24, as compared to previous close of Rs.1,390 per share.

The company said that its board has approved the full acquisition of Caresoft's Global Engineering Solutions division. However, the completion of the deal is contingent upon certain closing conditions that both parties are currently addressing. KPIT anticipates finalizing the transaction by the end of the ongoing quarter, unless unexpected delays occur.

Caresoft's business rev...