Bengaluru, April 24 -- The stock of an indian company engaged in climate change and sustainability advisory services has hit an upper circuit of 2% after acquiring a stake in an AI-based company, Webricks Innovations Private Limited.

Price Action

With a market cap of Rs 282.8 crores, the shares of EKI Energy Services Ltd hit an upper circuit of 2 percent at Rs 104.49 as compared to its previous closing price of Rs 102.45. The stock has delivered positive returns of over 4.13 percent in the last month.

What's the News

The board of EKI Energy Services Ltd has agreed to acquire a 13% stake in Webricks Innovations for Rs. 10.37 crores, and the period for completion of the acquisition is by May 30, 2025

EKI's investment in Webricks strate...