Mindtree rallies after being selected by Molnlycke Healthcare for IT solutions

The stock opened at Rs 1,424 and touched a high of Rs 1,488 on the BSE

Mindtree rallies after being selected by Molnlycke Healthcare for IT solutions
SI Reporter Mumbai
Last Updated : Sep 22 2015 | 9:46 AM IST
Shares of Mindtree, a leading digital transformation and services company, have soared 4.16% to Rs 1,474.50 on the Bombay Stock Exchange (BSE) in the early morning trades after the company announced that it was selected by Molnlycke Healthcare to effectively manage its business operations using SAP application suite.

Mindtree will help enhance Molnlycke Healthcare, a leading provider of single-use surgical and wound care solutions,  deliver in a cost effective manner globally, using a single service management platform.

In a filing to the BSE, Mindtree confirmed that the program will spread across 32 countries and 7,500 employees of Molnlycke, thus creating a strong and uniform IT governance structure.

The stock opened at Rs 1,424 and touched a high of Rs 1,488 on the BSE. At 9:40 AM, a combined total of 87,304 shares changed hands on the counter of BSE and NSE.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 22 2015 | 9:43 AM IST

Next Story