The Bengaluru-based firm is also looking at offloading its other subsidiaries Kallidus and Skava.
"In the quarter ended March 31, 2018, on conclusion of a strategic review of its portfolio of businesses, the company initiated identification and evaluation of potential buyers for its subsidiaries, Kallidus and Skava (together referred to as 'Skava') and Panaya (collectively referred to as 'disposal group')," Infosys said in a regulatory filing.
The company expects the sale to be completed by March 2019.
"Accordingly, assets amounting to Rs 2,060 crore (USD 316 million) and liabilities amounting to Rs 324 crore (USD 50 million) in respect of the disposal group have been reclassified and presented as 'held for sale'," Infosys said.
Infosys said upon reclassification, an impairment loss of Rs 118 crore (USD 18 million) in respect of Panaya has been recognised in the consolidated profit and loss for the quarter and year ended March 31, 2018.
An internal audit committee set up by Infosys found no evidence supporting the whistleblower's allegations.
It had also said that after a "careful re-consideration" it has concluded that putting out more details of the probe would "inhibit the company's ability to conduct effective investigations into any matter in the future".
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