InfosysNSE -0.85 % said it has completed formation of a joint venture with Temasek, Singapore-headquartered investment companyNSE 1.76 %. The Indian IT service major announced its decision on September 7 to make the JV that would integrate some of its teams with the investment company’s technology subsidiary. The subsidiary provides services to Temasek and other customers.
Infosys had said it would hold a 60% stake in the JV; while 40% would be with Temasek. The JV entity would be headquartered in Singapore. Through this joint venture, Infosys will be a partner to Temasek in its digital transformation journey and further strengthen its footprint in South East Asia, said Infosys on Friday.
Source: The Economic Times