Infosys Consulting to acquire 100% of Singtel's delivery center in Malaysia

As part of a strategic partnership, Infosys Consulting Pte. Ltd., a wholly owned subsidiary of Infosys Ltd is acquiring 100% of the share capital of Singapore Telecommunications Limited's ('Singtel') delivery center in Malaysia - Global Enterprise International Malaysia Sdn. Bhd. to bolster Infosys' presence in Malaysia, a strategic delivery and sales hub in South East Asia for global clients. This move also aligns with Infosys' long-term strategy for Communications, Media, and Technology (CMT) vertical including platform led transformation of Customer and Service Experience for clients.

The cost of acquisition is up to Singapore Dollar 6 Million including the value of net assets, subject to customary closing adjustments.

Shares of Infosys Limited was last trading in BSE at Rs. 1752.15 as compared to the previous close of Rs. 1744.90. The total number of shares traded during the day was 101606 in over 7222 trades.

The stock hit an intraday high of Rs. 1759.45 and intraday low of 1711.00. The net turnover during the day was Rs. 177078536.00.

Source : Equity Bulls

Keywords

Infosys INE009A01021 INFY InfosysConsulting Acquisition SingtelDeliveryCenter Malaysia