You are here: Home » Companies » News
Business Standard

Infosys to divest stake in Israeli start-up CloudEndure for $15.3 mn

Infosys had picked up a minority stake in CloudEndure

Press Trust of India  |  New Delhi 

Infosys
FILE PHOTO: The logo of Infosys is pictured inside the company's headquarters in Bengaluru | Photo: Reuters

IT giant Saturday said it has inked a pact to divest its shares in Israeli startup Limited for a total consideration of around $15.3 million (about Rs 110 crore).

"The company has, on December 14, 2018, signed an agreement to divest its shares in Ltd for a total consideration of around $15.3 million, subject to necessary conditions," Ltd said in a regulatory filing.

In 2015, had picked up a minority stake in CloudEndure, that provides and cloud-based disaster recovery software, for $4 million.

First Published: Sat, December 15 2018. 20:55 IST
RECOMMENDED FOR YOU