You are here: Home » Companies » News
Business Standard

Infosys to divest entire $2.5-mn investment from US-based OnMobile Systems

In a separate filing, OnMobile Global (OGL) said Telesystem had acquired Infosys' stake in OnMobile Systems

Press Trust of India  |  New Delhi 

Infosys

Infosys, India's second largest software services firm, on Thursday said it has divested its investment in for $2.49 million.

"...it (Infosys) has on February 15, 2018 signed an agreement for divestment of its entire investment from USA for a total consideration of $2,498,756," said in a regulatory filing.

In a separate filing, BSE-listed OnMobile Global (OGL) said Telesystem had acquired Infosys' stake in OnMobile Systems.

Telesystem is a part of the promoter group of OGL, it added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Fri, February 16 2018. 21:30 IST
RECOMMENDED FOR YOU