New Delhi, April 3 -- Paramatrix Technologies share price surged as much as 18 per cent to Rs.89.50 apiece on National Stock Exchange (NSE) in Thursday's trading session.

The small-cap stock rallied after the company announced that Paramatrix Technologies Limited, Hong Kong, a wholly-owned subsidiary of Paramatrix Technologies Limited (India) has approved the acquisition of a 51 per cent stake in Paramatrix Technologies KK, a company incorporated in Japan.

Under the agreement, Paramatrix Technologies Limited, Hong Kong, will acquire 510 equity shares at a price of Euro10,000 (approx. Rs.5,723) per share from Mr. John Zendano, the sole shareholder, for a total consideration of Euro5.1 million (approx. Rs.29 Lakhs). This acquisition is pa...