Infosys surges on completing acquisition of Danske Bank’s IT centre in India

At 3 pm, the shares of Infosys were trading at Rs 1461.65, up by 1.29% from its previous closing of Rs 1443.05 on the BSE.

Infosys has completed the acquisition of Danske Bank’s IT centre in India. Danske Bank selected Infosys as a strategic partner to accelerate digital transformation initiatives with speed and scale and this follows the announcement of the strategic collaboration with Danske Bank made on June 26, 2023. Headquartered in Denmark, Danske Bank provides banking services to personal and business customers, as well as large corporate and institutional customers. In a bid to accelerate the bank’s technology transformation, optimise their access to talent and capabilities and to further develop customer-facing digital solutions Danske Bank chose Infosys as its strategic partner.

This collaboration will help Danske Bank achieve its strategic priorities towards better customer experiences, operational excellence and a modernised technology landscape, powered by next-gen solutions. This collaboration reaffirms its commitment to Nordics, a strategic market for Infosys and underlines Infosys’ leadership position and expertise in Financial Services across Europe.

Infosys Ltd provides consulting, technology, outsourcing and next-generation digital services to enable clients to execute strategies for their digital transformation. It is the 2nd largest Information Technology company in India behind TCS.

On Monday, the stock opened at Rs 1443.00 and has touched a high and low of Rs 1463.00 and Rs 1435.35 respectively.

The BSE group ‘A’ stock of face value Rs 5 has touched a 52 week high and low of Rs 1672.45 and Rs 1215.45, respectively.

Last one week high and low of the scrip stood at Rs 1463.00 and Rs 1411.50 respectively. The current market cap of the company is Rs 6,07,197.35 crore.

The promoters holding in the company stood at 14.94%, while Institutions and Non-Institutions held 68.22% and 16.83% respectively.

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