Infosys' shares gain after completing Danske Bank's IT centre acquisition in India
With its global expertise and industry solutions, Infosys will accelerate the bank’s digital agenda by significantly enhancing its IT operations and capabilities.
Shares of IT giant Infosys Ltd were trading in green in early trading hours on Monday, September 4, after the company 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, the company announced on Friday, September 1.
The stock of Infosys opened lower at Rs 1,443.00 apiece on the BSE as against its previous close of Rs 1,443.05 each. However, the shares were trading 0.02 per cent higher at Rs 1,443.35 at 9.33 AM IST.
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Infosys buys Danske Bank Indian IT centre
Denmark-headquartered Danske Bank provides banking services to personal and business customers, as well as large corporate and institutional customers. The collaboration with Infosys will help Danske Bank achieve its strategic priorities towards better customer experiences, operational excellence, and a modernised technology landscape, powered by next-gen solutions.
Danske Bank’s IT centre has more than 1,400 employees in India. 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' share price movement
In the last five trading sessions, Infosys' shares have recorded 1.34 per cent growth and over 4 per cent in the last month. However, the IT company's shares have fallen around 4.57 per cent in the last six months and over 5 per cent on a year-to-date (YTD) basis.
Infosys' recent developments
Last month, Infosys announced Tennis World No.1 Iga Świątek as its global brand ambassador to promote Infosys’ digital innovation and inspire women around the world.
On August 22, Infosys Foundation USA announced that it had invested $200K to boost hoosier tech careers through collaboration with TechPoint, Nextech, and Indianapolis Public Schools. The foundation also committed over Rs 100 crore investment to launch a STEM Scholarship Program to empower aspiring female students.