22-02-2024 10:13 AM | Source: Accord Fintech
LTIMindtree rises on signing MoU with Eurolife FFH

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

LTIMindtree is currently trading at Rs. 5497.00, up by 77.30 points or 1.43% from its previous closing of Rs. 5419.70 on the BSE.

The scrip opened at Rs. 5484.00 and has touched a high and low of Rs. 5503.90 and Rs. 5452.00 respectively. So far 179 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 6442.65 on 15-Jan-2024 and a 52 week low of Rs. 4130.30 on 21-Apr-2023.

Last one week high and low of the scrip stood at Rs. 5594.95 and Rs. 5407.50 respectively. The current market cap of the company is Rs. 160511.66 crore.

The promoters holding in the company stood at 68.64%, while Institutions and Non-Institutions held 21.57% and 9.78% respectively.

LTIMindtree has signed a Memorandum of Understanding (MoU) with Eurolife FFH, a leading insurance company in Athens, Greece powered by Fairfax Digital Services, to establish first-of-its-kind Gen AI and Digital Hub in Athens and dedicated facilities in Poland, Europe and Mumbai, India. 

As a part of this association, Eurolife FFH will set up Generative AI and Digital Hub in Athens to develop innovative solutions for insurance businesses in Greece and LTIMindtree will provide deep domain expertise and support from its dedicated facilities in Poland and Mumbai. Professionals from both the companies will jointly undergo specialized training in Generative AI and Digital Transformation to develop cutting edge products and services that will enhance customer experience and operational efficiency for businesses across insurance, banking, shipping, and manufacturing industries.

LTIMindtree (formerly Larsen & Toubro Infotech) is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies.