Infosys to acquire 75% stake in Australia’s Versent Group for Rs 1,300 crore
NEW DELHI: India’s second-largest IT firm Infosys announced on Wednesday that it is acquiring a 75% stake in Versent Group, a leading digital transformation solution provider and wholly owned subsidiary of Australia’s Telstra Group, for $153 million or about Rs 1,300 crore. The deal will form a joint venture between Infosys and Telstra for collaboration to propel AI-enabled cloud and digital solutions for Australian businesses.
