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Country's second largest software services firm Infosys on Friday said it will divest its entire investment in ANSR Consulting Holdings, Inc, for a total amount of $1 million.
"The company has, on December 28, 2017, signed an agreement for divestment of its entire investment in ANSR Consulting Holdings, Inc, for a total consideration of $1,000,000," Infosys said in a BSE filing.
In July 2015, Infosys had announced acquisition of a minority stake in ANSR Consulting from its $500 million Innovation Fund.
ANSR Consulting is a leading Global In-house Centre (GIC) strategy consulting and implementation firm, which helps global enterprises establish strategic service delivery and innovation capabilities.