LTIMindtree stock rises after tech firm joins hands with Eurolife FFH to set up Gen AI & digital hubs in India and Europe

LTIMindtree Share Price: LTIMindtree shares rose in morning deals on BSE on Thursday (February 22, 2024) after the IT company and Greece-headquartered Eurolife FFH signed an MoU to set up Gen Al and digital hubs in Europe and India.

The stock of the IT firm was trading higher by 0.60 per cent, or 32.30, at Rs 5452.00 at 9:37 am on Thursday. 

The stock that ended the trading session on Wednesday at Rs 5,419.70 started the trading session on Thursday at Rs 5,484.00 to reach the day's high of Rs 5,503.90, a 1.55 per cent upside from the previous close. 

What is the LTIMindtree-Eurolife FFH deal? 

Eurolife FFH is a leading insurance company in Athens, Greece, powered by Fairfax Digital Services. Its deal with LTIMindtree is to establish a first-of-its-kind Gen Al and digital hub in Athens and dedicated facilities in Poland, Europe, and Mumbai, India, said LTIMindtree in a statement on Thursday. 

LTIMindtree will provide deep domain expertise and support from its dedicated facilities in Poland and Mumbai.