Mindtree gains on entering into partnership with Sapiens International Corporation
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Mindtree is currently trading at Rs. 3750.75, up by 25.35 points or 0.68% from its previous closing of Rs. 3725.40 on the BSE.
The scrip opened at Rs. 3760.10 and has touched a high and low of Rs. 3799.00 and Rs. 3739.65 respectively. So far 7151 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5059.15 on 18-Nov-2021 and a 52 week low of Rs. 2019.00 on 26-Apr-2021.
Last one week high and low of the scrip stood at Rs. 3896.75 and Rs. 3591.45 respectively. The current market cap of the company is Rs. 61880.48 crore.
The promoters holding in the company stood at 60.99%, while Institutions and Non-Institutions held 24.87% and 14.15% respectively.
Mindtree and Sapiens International Corporation have entered into partnership to help insurance companies drive digital transformation. The combination of Sapiens’ industry-leading, cloud-native, core suite of banking and insurance applications, and Mindtree’s deep domain knowledge and expansive delivery capabilities will enable insurance companies to increase scale, speed-to-market, and customer satisfaction as they embrace digital.
Initially designed to support insurance system implementations, the partnership will first focus on North America and subsequently grow into Europe and Asia. The combined strengths of Mindtree and Sapiens will enable companies to maximize digital transformation and business outcomes.
Mindtree is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage.
