Infosys wins deal worth USD 454 million from Danske Bank

Infosys has signed a strategic collaboration with Danske Bank, a leading Nordic Bank, to accelerate the bank’s digital transformation initiatives with speed and scale. This collaboration will help Danske Bank achieve its strategic priorities towards better customer experiences, operational excellence, and a modernized technology landscape, powered by next-gen solutions. 

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 its access to talent and capabilities and improve productivity, Danske Bank chose Infosys as its strategic partner. 

As part of this collaboration, Infosys will also acquire Danske Bank’s IT centre in India, where over 1,400 professionals are employed. With its global expertise and industry solutions, Infosys will accelerate the bank’s digital agenda by significantly enhancing its IT operations and capabilities, powered by Infosys Topaz, an AI-first set of services, solutions and platforms, experience design, and services that support operations.  

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 shares of Infosys opened at Rs 1268.05 and touched a high and low of Rs 1273 and Rs 1262.30 respectively.  

The BSE group ‘A’ stock of face value of 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 1304.40 and Rs 1263.30 respectively. The current market cap of the company is Rs 5,27,200.08 crore. 

The promoters holding in the company stood at 15.14%, while Institutions and Non-Institutions held 68.86% and 15.98% respectively.