This hub is expected to come up in Cyprus. This project is being conceived along with the Cyprus Government.
According to the exchange filing, it enables ideation, co-creation and implementation of Advanced Digital Solutions for Eurobank, Fairfax and other EU customers and aligns with the strategic vision of the Cyprus government to strengthen Cyprus’ role as a regional tech and innovation hub, triggering unique cross-border opportunities for tech collaborations.
This hub will focus on decision-making, risk management, and operational efficiency.
Financial considerations of this were not disclosed.
Also Read: LTIMindtree shares gain nearly 8% after winning largest-ever order worth $450 million
Friday’s developments come just days after the company won a $450 million multi-year deal with a global agribusiness leader.
This, according to the company, was its biggest order, which would see the company implement an AI-powered operating model to deliver application management, infrastructure support and cybersecurity services, the company said.
As a result of this, the company shares rose over 6% on May 12.
Earlier, in February 2024, a pilot was conducted by LTIMindtree by signing a Memorandum of Understanding (MoU) with Eurolife FFH, including the building of Digital Hubs in Europe and India.
Shares of LTIMindtree are trading little changed on Friday at ₹5,041.9. The stock has risen 18% over the last one month. Despite the upmove, the stock is still down 11% so far in 2025 and trades 25% below its all-time high level of ₹6,767.
(Edited by : Hormaz Fatakia)
