your password has been reset successfully, Please login again.

Infosys forms joint venture with Singapore’s Temasek

Infosys will hold a 60% stake in the JV, while Temasek will acquire 40%.
BY BEx Bureau
BusinessEx
Sep 10, 2018

Infosys Ltd has formed a joint venture (JV) with Singapore-based state investor Temasek as it expands its presence in Southeast Asia.

Through this venture, Temasek is planning to enhance its IT services.

Infosys will hold a 60% stake in the JV, while Temasek will hold 40%.

The new company will be headquartered in Singapore. It will have a workforce of 200 employees and contractors from Trusted Source whereas the staff of Infosys will join over time.

Mohit Joshi, President at Infosys, said, Infosys will leverage its digital skills, learning capabilities and transformation experience to help enhance operations across Temaseks global business. Our joint venture with Temasek will accelerate our efforts in the region, enhancing our existing presence, as we help clients navigate the next journey in their business transformation. This development is a key element of our continued efforts to invest and have a presence in the regions in which we operate.

Please add your Comment
SIMILAR News
April 26, 2019
Hero Future Energies Global, a subsidiary of Hero Group, will offer up to $200 million in a solar pr ...More
By Jaspreet Kaur
April 26, 2019
Apis Partners LLP has decided to invest $110 million in L&T Infra Debt, a subsidiary of Larsen & Tou ...More
By Jaspreet Kaur
April 25, 2019
Tiger Global, the American investment company, has sowed INR 625 crore in Ninjacart and acquired rou ...More
By Jaspreet Kaur
April 25, 2019
The Indian media firm, Next Mediaworks operates radio stations in major metro cities through its rad ...More
By Jaspreet Kaur
April 24, 2019
The UK-based company, UK Climate Investments has invested the sum in the solar energy company, Clean ...More
By Jaspreet Kaur
April 24, 2019
To move further in the acquisition process, Tata Global Beverages has signed a non-binding term shee ...More
By Jaspreet Kaur
April 23, 2019
The Singapore-based company, Pine Labs announced that it has bought the Indian gift solutions compan ...More
By Ritu Marya
April 23, 2019
Riga Food Acquires 20 Per Cent Shares in the Italian Fine-dining Restaurant, Alicette ...More
By Jaspreet Kaur
April 22, 2019
International Finance Corporation, an investment arm of World Bank, decides to endow $75 million as ...More
By Jaspreet Kaur
April 22, 2019
Steller Value Chain, a Mumbai-based logistics company, will buy Patel Integrated, a Surface transpor ...More
By Jaspreet Kaur
April 18, 2019
The acquisition will incorporate an advanced cash consideration of INR 32 crore (ZAR 65 million) ...More
By Jaspreet Kaur
April 18, 2019
The online footwear company said that it will be using the garnered capital to hire experienced prof ...More
By Jaspreet Kaur