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MoneyWorks4Me

Infosys’ arm acquiring 100% stake in Singtel's delivery center in Malaysia

15 Dec 2021 Evaluate

Infosys’ wholly owned subsidiary -- Infosys Consulting is acquiring 100% of the share capital of Singapore Telecommunications’ (Singtel) delivery center in Malaysia - Global Enterprise International Malaysia Sdn. Bhd. to bolster Infosys’ presence in Malaysia, a strategic delivery and sales hub in South East Asia for global clients. This move also aligns with Infosys’ long-term strategy for Communications, Media, and Technology (CMT) vertical including platform led transformation of Customer and Service Experience for clients. The cost of acquisition is up to Singapore Dollar 6 million including the value of net assets, subject to customary closing adjustments.

Infosys is a global leader in next-generation digital services and consulting.

Peers
Company Name CMP
TCS 2480.50
Infosys 1143.45
HCL Technologies 1411.50
Wipro 190.05
Tech Mahindra 1770.50
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