Infosys extends gain on inking five year deal with Sweden’s Lansforsakringar AB

20 Mar 2014

Infosys is currently trading at Rs. 3312.30, up by 40.75 points or 1.25% from its previous closing of Rs. 3271.55 on the BSE.

The scrip opened at Rs. 3275.00 and has touched a high and low of Rs. 3322.80 and Rs. 3272.00 respectively. So far 25,000 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 5 has touched a 52 week high of Rs. 3847.20 on 03-Mar-2014 and a 52 week low of Rs. 2190.00 on 29-Apr-2013.

Last one week high and low of the scrip stood at Rs. 3412.80 and Rs. 3240.15 respectively. The current market cap of the company is Rs. 1,90,301.00 crore.

The promoters holding in the company stood at 15.94% while Institutions and Non-Institutions held 56.00% and 12.38% respectively.

Infosys, a global leader in consulting, technology and outsourcing solutions, has signed a five-year agreement with Lansforsakringar AB (LFAB) to provide application development and management support for its life and non-life insurance business. The new agreement with Infosys will see LFAB, owned by Lansforsakringar Alliance, a mutual organization of 23 regional insurance companies with a strong local brand, improve the quality of service and time to market for its alliance members at a reduced cost.

Infosys will be responsible for the development and management of more than 200 applications across LFAB’s lines of business; to support this engagement, Infosys will provide support from global facilities as well as its local offices in Stockholm, Ostersund and Linkoping. Infosys and LFAB will work together to improve the systems and processes so that member companies enjoy a more consistent approach to claims and policy administration.

Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.

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