Shares of LTIMindtree Ltd rallied 4% on Tuesday, 7 October, after the company announced that it had signed a multi-year partnership with a leading worldwide media and entertainment organisation. The corporation has not been named in the agreement.

According to the deal, LTIMindtree will support the media company’s digital transformation efforts to optimise operations and modernise delivery modes. It will also include automation, process optimisation, and consolidation to increase productivity and improve service quality.

The company described it as its largest strategic deal to date.

Venu Lamba, CEO and managing director of LTIMindtree, stated that the company is pleased to expand its relationship with the media and entertainment company.

Earlier, the Income Tax Department awarded the PAN 2.0 Project to LTIMindtree in August, according to sources. According to the sources, the project will go live in 18 months and aims to make the PAN/TAN experience easier, faster, and more citizen-friendly. The deal is estimated to be worth $580 million, making it the company’s largest transaction to date.

At 12:52 pm, the shares of LTIMindtree were trading 0.11% higher at Rs 5,280 on NSE.

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