Infosys rises on completing acquisition of MRE Consulting
Infosys is currently trading at Rs. 1510.75, up by 11.85 points or 0.79% from its previous closing of Rs. 1498.90 on the BSE.
The scrip opened at Rs. 1504.95 and has touched a high and low of Rs. 1523.70 and Rs. 1498.90 respectively. So far 58307 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 2006.80 on 13-Dec-2024 and a 52 week low of Rs. 1307.10 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 1523.70 and Rs. 1464.00 respectively. The current market cap of the company is Rs. 630133.13 crore.
The promoters holding in the company stood at 14.60%, while Institutions and Non-Institutions held 71.42% and 13.98% respectively.
Infosys has completed the acquisition of MRE Consulting, a technology and business consulting service provider. This strategic investment brings newer capabilities for Infosys in trading and risk management, especially in the energy sector. The world is now shifting towards a more sustainable future. With increasing complexity in integrating diverse sources of energy including renewables, global corporations require innovative solutions to navigate transformation. Infosys is witnessing a significant rise in demand for digital transformation in energy and commodity trading and risk management (E/CTRM).
By combining MRE Consulting’s deep E/CTRM capabilities with Infosys’ established leadership in the energy, resources and utilities sector, Infosys will aim to further enhance its ability to drive value for clients in this critical area of their business. MRE brings new clients, and synergies with new buying centers. Headquartered in Houston, Texas, MRE Consulting will bring a team of over 200 professionals with industry knowledge, consulting and deep technology experience in Energy/Commodity Trading and Risk Management platforms and ecosystems. Through decades of successful delivery, MRE Consulting has developed proprietary E/CTRM business process frameworks spanning multiple commodities, transportation modes and business models. These frameworks serve as the foundation for commodity trading projects, accelerating vendor selection, solution design and implementation.
Infosys is a leading provider of consulting, technology, outsourcing and next-generation digital services, enabling clients to execute strategies for their digital transformation.
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