Master Service Agreement Between Response Informatics Ltd and Tech Mahindra Ltd.

Response Informatics Ltd and Tech Mahindra has come together with a Master Service Agreement that will pave the way for both companies a long-term strategic alliance. The Master Service Agreement will be in force for 3 years. This will enable Response Informatics Ltd to become official vendor to provide quality manpower resources for various projects that are run by Tech Mahindra Ltd. The agreement entails us to give IT professionals both as full-time employees and Contract to Hire resources. Whereas the Contract to Hire resource availability will be on the payroll of Response Informatics Ltd for a consideration, Full time employees are enabled to join on the payroll of Tech Mahindra on a fixed percentage. The arrangement of vendorship is qualified by Tech Mahindra based on the talent and experience of sourcing the right candidates and availability of bench resources with Response Informatics Ltd.

Shares of Response Informatics Limited was last trading in BSE at Rs. 9.86 as compared to the previous close of Rs. 10.37. The total number of shares traded during the day was 568 in over 8 trades.

The stock hit an intraday high of Rs. 10.37 and intraday low of 9.86. The net turnover during the day was Rs. 5663.

Source : Equity Bulls

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