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LTIMindtree teams up with Eurobank, Fairfax to build digital innovation hub in Cyprus after $450 million dealThis hub is expected to come up in Cyprus. This project is being conceived along with the Cyprus Government.By Juviraj Anchil  May 16, 2025, 2:56:25 PM IST (Published)2 Min ReadLTIMindtree Ltd., in an announcement on Tuesday, May 16, said that it is teaming up with Canadian financial firm Fairfax Financial Holdings and Europe-based Eurobank Group to build a 'Digital Innovation Hub'.

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.

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