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LIC and Nandan Nilekani-backed stock: Company lands largest-ever TVC deal of USD 7.7 billion in Q2; LIC stake hits record high
LIC and Nandan Nilekani-backed stock: Company lands largest-ever TVC deal of USD 7.7 billion in Q2; LIC stake hits record high

LIC and Nandan Nilekani-backed stock: Company lands largest-ever TVC deal of USD 7.7 billion in Q2; LIC stake hits record high

LIC's growing interest adds another layer to the story. In the quarter ended September 2023, LIC increased its stake in the company from 8.83 per cent to 9.39 per cent.

Karan Dsij Article rating: 4.1

Reported large deal Total Contract Value (TCV) of USD 7.7 billion in Q2, marking the highest ever quarterly total. This impressive achievement is three times the average quarterly TCV of the last four quarters. The company's success in securing large deals can be attributed to market share gains in cost optimization

 

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