Friday, 24 March, 2023

Infosys spent Rs 3,302 cr to buy stake in emerging tech companies 

<p>Infosys, with the aim to extend capabilities into emerging tech and industry-focused verticals, spent Rs 3,302 cr to acquire stakes in many companies during the previous FY. US-based Salesforce advisor Simplus, HIPUS, WongDoody, and Stater were few of the acquisition. At the beginning of the last FY, Infosys had 25 direct subsidiaries and 34 step-down subsidiaries. It reported 23 direct subsidiaries and 52 step-down subsidiaries, by the end of March 2020.</p>