Kaleyra shares are trading higher after Tata Communications Limited announced it has entered an agreement to acquire the company.
Portfolio Pulse from Benzinga Newsdesk
Tata Communications Limited has announced its intention to acquire Kaleyra, leading to a rise in Kaleyra's stock price.
June 28, 2023 | 12:47 pm
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Kaleyra's stock price is trading higher following the announcement of its acquisition by Tata Communications Limited.
The announcement of an acquisition typically leads to a rise in the stock price of the company being acquired. In this case, Tata Communications Limited's announcement to acquire Kaleyra has led to a surge in Kaleyra's stock price.
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