• Thursday, August 11, 2022

Asia

India’s IT Giant Infosys forms Joint Venture With Singapore’s Temasek

FILE PHOTO: Employees of Indian Software giant Infosys Technologies Limited walk in the campus of the company’s headquarters in Bengaluru(Photo Credit: MANJUNATH KIRAN/AFP/Getty Images).

By: Radhakrishna N S

India’s software giant, Infosys (NYSE: INFY), announced the formation of a joint venture with Temasek, the global investment company headquartered in Singapore. The joint venture will integrate teams from Infosys and the operations of Temasek’s wholly owned subsidiary in Singapore, Trusted Source Pte Ltd, which currently delivers IT services to Temasek and a number of other clients. As part of the transaction details released on Friday (07), Infosys will acquire a 60 per cent stake in the joint venture and Temasek will hold 40 per cent. The agreement was signed by the parties on Monday (05) night and is effective immediately. Infosys and Temasek see important…

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