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Last $35.50 USD
Change Today +0.55 / 1.57%
Volume 3.7M
INFY On Other Exchanges
Natl India
New York
EN Paris
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

infosys ltd-sp adr (INFY) Key Developments

Infosys Mulls to Invest INR 30,000 Million in Startups Across Silicon Valley, Israel & India

Infosys plans to allocate a quarter of its $500-million (about INR 30,000 million) fund to invest in startups in Silicon Valley, Israel and India along with venture capital firms. The company made its first startup investment last month, sinking about $15 million in a firm spun off from Dream-Works Animation. Shortly after, Infosys bought US and Israel-based automation startup Panaya in a deal estimated to be about INR 12,000 million ($200 million).

Infosys Seeks Acquisitions

Infosys Ltd. (BSE:500209) is looking for acquisition. Infosys is open to making acquisitions of up to $700 million if there were synergy benefits and fewer integration challenges. Infosys is looking at acquisitions to boost certain business verticals and also expand its presence in geographies like Japan.

Infosys Mulls Acquisitions

Infosys Ltd. (BSE:500209) is seeking acquisitions. Infosys Chief Operating Officer UB Pravin Rao said, "We are open to a $500-700 million acquisition as size will not be a big deterrent for us. If we are confident of synergy benefits and fewer integration challenges then we are open for bigger acquisitions. We will also look at other aspect of our M&A which is wide spaces or areas where our presence is limited either in geographies or in some of the verticals." Funding these acquisitions will not be a challenge for Infosys as it boasts of cash reserves of $5.5 billion as of December 2014.

Infosys Mulls Acquisitions

Infosys Ltd. (BSE:500209) is looking for acquisition opportunities. Vishal Sikka, Chief Executive Officer and Managing Director of Infosys said, "We are extremely interested in acquiring companies similar to Panaya. We wanted to demonstrate this wasn't just talk."

Infosys Ltd Announces Organizational Change

Infosys Ltd. announced that Infosys Labs, which houses three units comprising the research and development (R&D) division of Infosys Ltd, has ceased to be an independent entity with its functions being merged with the company's delivery side. The platform arm of Infosys Labs, comprising nearly 300 executives, will report to Abdul Razack. The 200-strong Centre of Excellence (CoE) under Infosys Labs will report to S. Ravi Kumar. Savio D'Souza, who until now headed CoE, will report to Ravi Kumar. The third and the last arm, IP cell, headed by Anindya Sircar, will work with the company's legal cell.


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