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Infinite Computer to transfer entire stake in Infinite Convergence to subsidiary company

11 Feb 2013 Evaluate

Infinite Computer Solutions (India) has received an approval for transfer of entire stake held in Infinite Convergence Solutions Inc. in favor of Unified Convergence, a subsidiary of the company. The board at its meeting held on February 10, 2013 has approved for the same.

Unified Convergence has been recently incorporated in Mauritius for the purpose of acting as a Special Purpose Vehicle (SPV) to hold current and future overseas investments of the company.

Infinite Computer Solution has three main service offerings - Infrastructure Management, Intellectual Property (IP) leveraged solutions and IT services focused on the Telecom and Media, Technology, Manufacturing and Healthcare industry.

Peers
Company Name CMP
TCS 2591.00
Infosys 1320.25
HCL Tech. 1437.85
Wipro 203.10
Tech Mahindra 1520.55
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