Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater – Firstpost

The benchmark index ended the day at 38,767.11, up 160.10 points over its previous close. The NSE Nifty too rose 46.75 points, or 0.40 per cent, and ended at 11,643.45. Key monitors going ahead.

India’s second largest IT services firm Infosys Thursday said it will acquire 75 per cent stake in ABN AMRO Bank’s wholly-owned subsidiary, Stater, for 127.5 million euros (about Rs 989 crore).

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Infosys Ltd on Friday said it will recruit 18,000 people from campuses this fiscal year 2019-20. The country’s second largest IT company has been battling high attrition rate pertaining in the sector.

The Dutch bank will retain 25% in Stater, which offers mortgage services to over 50 clients in Europe. BENGALURU: Infosys is buying a controlling stake in Stater, the mortgage service unit of ABN AMRO Bank for Rs 1,000 crore (127.5 million), the third such deal for the software exporter after.

IT services major infosys Friday said it has completed the acquisition of 75% shareholding in ABN AMRO Bank’s wholly-owned cNV.

Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater In March, the country’s second largest IT services firm had said it will acquire 75 percent stake in Stater for 127.5.

NEW DELHI: IT services major Infosys on Friday said it has completed the acquisition of 75 per cent shareholding in ABN AMRO Bank’s wholly-owned Stater NV.

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71 crore in the Consolidated Statement of Profit and Loss. Consequent to the above, the Company has written down the entire carrying value of the investment in its subsidiary, Infosys Nova Holdings.

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IT services major Infosys said it has completed the acquisition of 75% shareholding in ABN AMRO Bank’s wholly-owned cNV. In March, the country’s second largest IT services firm had said it will acquire 75 per cent stake in Stater for 127.5 million euros (about 989 crore).

Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater In March, the country’s second largest IT services firm had said it will acquire 75% stake in Stater for 127.5 million.

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Infosys on Friday said it has completed the acquisition of 75% stake in ABN Amro Banks wholly owned subsidiary Stater.In March, Bengaluru-based IT services firm announced the acquisition plan for.