TCS moves up on expanding partnership with Athora Netherlands

Tata Consultancy Services is currently trading at Rs. 3387.95, up by 30.90 points or 0.92% from its previous closing of Rs. 3357.05 on the BSE.

The scrip opened at Rs. 3359.05 and has touched a high and low of Rs. 3389.00 and Rs. 3357.05 respectively. So far 21730 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 3575.00 on 16-Feb-2023 and a 52 week low of Rs. 2926.00 on 26-Sep-2022.

Last one week high and low of the scrip stood at Rs. 3416.50 and Rs. 3345.00 respectively. The current market cap of the company is Rs. 1239119.45 crore.

The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 22.32% and 5.38% respectively.

Tata Consultancy Services (TCS) has expanded its long-standing partnership with Athora Netherlands, a Dutch life insurance and pension provider, to help the latter adopt a business and IT operating model that will enhance customer experience, operational resilience and business agility.

This partnership with TCS will contribute to Athora Netherlands’ Ambition 2025 program to become a leading, focused pensions and life insurance company. As part of this multi-year partnership, TCS will manage the complete business and IT operations across policy servicing, claims handling, and customer service for Athora’s closed book of life insurance policies under the Reaal brand.

TCS will help set up a hybrid cloud architecture built on TCS Enterprise Cloud and powered by the TCS Alpha Platform. TCS Enterprise Cloud will offer flexible engagement models while enhancing operational efficiencies. The flexible and scalable cloud will allow Athora Netherlands to meet evolving business needs and enhance customer satisfaction.

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.

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