TCS unit inks pact with Diligenta; stock gains

India Infoline News Service | Mumbai | September 27, 2017 10:33 IST

Diligenta, a Life and Pensions BPS provider in the UK, and a subsidiary of Tata Consultancy Services (TCS) on Wednesday announced that it has secured a 15-year partnership with Scottish Widows.

TCS1
Diligenta, a Life and Pensions BPS provider in the UK, and a subsidiary of Tata Consultancy Services (TCS) on Wednesday announced that it has secured a 15-year partnership with Scottish Widows, Lloyd’s Banking Group Life and Pensions business.

Under the terms of the agreement, Diligenta will support Scottish Widows to provide end to end policy administration services for its 4 million heritage customers. Diligenta will provide Scottish Widows these services based on TCS BaNCS, its digitally-enabled, end-to-end policy administration platform, to manage its assets in life, pensions and investment products.

Meanwhile, the stock of TCS gained 1.07% at Rs 2,501.45 per share on BSE, attracting a total traded quantity of 2.34 lakh shares. The stock on yearly basis, has given 2.52% returns and has underperformed BSE Sensex and outperformed BSE IT index.

Tata Consultancy Services Limited (TCS) is engaged in providing information technology (IT) services, digital and business solutions. The company's segments include banking, finance and insurance services (BFSI); manufacturing; retail and consumer packaged goods (CPG); telecom, media and entertainment, and others. 

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