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Infosys climbs on inking definitive agreement to acquire InSemi

12 Jan 2024 Evaluate

Infosys is currently trading at Rs. 1611.05, up by 116.05 points or 7.76% from its previous closing of Rs. 1495.00 on the BSE.

The scrip opened at Rs. 1556.00 and has touched a high and low of Rs. 1615.00 and Rs. 1554.75 respectively. So far 1976551 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1620.00 on 09-Feb-2023 and a 52 week low of Rs. 1215.45 on 25-Apr-2023.

Last one week high and low of the scrip stood at Rs. 1615.00 and Rs. 1486.65 respectively. The current market cap of the company is Rs. 668803.12 crore.

The promoters holding in the company stood at 14.89%, while Institutions and Non-Institutions held 68.97% and 16.13% respectively.

Infosys has inked a definitive agreement to acquire InSemi, a leading semiconductor design and embedded services provider. This strategic investment further strengthens Infosys’ Engineering R&D capabilities and demonstrates its continued commitment to co-create with global clients to help them navigate their digital transformation journey. The acquisition is expected to close during the fourth quarter of fiscal 2024, subject to customary closing conditions. 

Semiconductors are at the heart of the technology which is driving exponential growth of Artificial Intelligence (AI), 5G, Hyperconnectivity, High Performance Computing, Quantum Technology, Virtual Reality, IoT and Smart Devices. This collaboration will help accelerate Infosys’ Chip-to-Cloud strategy, by bringing niche design skills at scale and will also pair seamlessly with existing investments in AI/Automation platforms and industry partnerships. The collaboration will aim to orchestrate comprehensive end-to-end product development for clients.  

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

Infosys Share Price

1318.60 -0.30 (-0.02%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
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