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BSE: 540005 | NSE: LTIM
Large Cap | IT - Software
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Larsen & Toubro Infotech gains on entering into strategic engagement with Hoist Finance AB

Date: 18-05-2021

Larsen & Toubro Infotech is currently trading at Rs. 3611.45, up by 25.95 points or 0.72% from its previous closing of Rs. 3585.50 on the BSE.

The scrip opened at Rs. 3644.90 and has touched a high and low of Rs. 3644.90 and Rs. 3584.70 respectively. So far 14393 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4499.90 on 15-Jan-2021 and a 52 week low of Rs. 1599.05 on 18-May-2020.

Last one week high and low of the scrip stood at Rs. 3701.95 and Rs. 3525.95 respectively. The current market cap of the company is Rs. 62820.94 crore.

The promoters holding in the company stood at 74.27%, while Institutions and Non-Institutions held 17.84% and 7.89% respectively.

Larsen & Toubro Infotech (LTI) has entered into a strategic engagement with Hoist Finance AB, a pan European financial services company, to provide Banking-as-a-Service for Performing Loans segment through its Digital Banking Platform. LTI’s Digital Banking platform, powered by Temenos, will enable Hoist Finance to be more scalable and with faster on-boarding of new asset classes across regions. The platform provides seamless interoperability, agility, and higher security at a lower total cost of ownership.

LTI is a global technology consulting and digital solutions company helping more than 420 clients succeed in a converging world.