The IT major said that it divested its stake in Denmark-based UNSILO A/S for approximately $0.8 million on 28 January 2020.
In November 2016, Infosys had announced an investment of 14,920,000 Danish Krone from its Innovation Fund in UNSILO, an artificial intelligence startup focused on advanced text analysis. The announcement was made after trading hours yesterday, 28 January 2020.Shares of Infosys were up 1.10% to Rs 786.45.
On a consolidated basis, Infosys' net profit rose 12.23% to Rs 4,457 crore on a 2.04% increase in revenues to Rs 23,092 crore in Q3 December 2019 over Q2 September 2019.
Infosys is a global leader in next-generation digital services and consulting.
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