India's second largest IT services company Infosys Friday said it will make an additional investment of USD 6 million (over Rs 41 crore) in data preparation software company Trifacta Inc.
"The board at the meeting held over July 11-12 approved a follow-on investment of USD 6 million in Trifacta Inc," Infosys said in a regulatory filing.
The additional investment, subject to necessary closing conditions, will take the Bengaluru-based company's total investment in Trifacta to USD 10 million till date, it added.
Infosys, which had invested USD 4 million in Trifacta in 2016, has a minority holding not exceeding 20 per cent of the outstanding share capital of the San Francisco-based company.
The cash transaction is expected to be completed in the second quarter of financial year 2019-20.
Founded in 2012, Trifacta provides data wrangling software that enables non-technical users to easily transform data for analysis.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app