Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater – Firstpost

Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater In March, the country’s second largest IT services firm had said it will acquire 75 per cent stake in Stater for 127.5 million euros (about Rs 989 crore).

India’s second largest IT services firm Infosys Thursday said it will acquire 75 per cent stake in ABN AMRO Bank’s wholly-owned subsidiary, Stater, for 127.5 million euros (about Rs 989 crore).

NEW DELHI: IT services major Infosys Friday said it has completed the acquisition of 75 per cent shareholding in ABN AMRO Bank’s wholly-owned stater nv..

Infosys on Friday said it has completed the acquisition of 75% stake in ABN Amro Banks wholly owned subsidiary Stater.In March, Bengaluru-based IT services firm announced the acquisition plan for.

Infosys completes acquisition of 75 pc stake in ABN AMRO Bank subsidiary Stater. Friday said it has completed the acquisition of 75 per cent shareholding in ABN AMRO Bank’s wholly-owned Stater.

Infosys acquires 75% stake in ABN AMRO’s subsidiary Stater By Verdict Staff May 24, 2019 Infosys has completed its previously announced acquisition of a 75% stake in ABN AMRO Bank subsidiary Stater.

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The Dutch bank will retain 25% in Stater, which offers mortgage services to over 50 clients in Europe. BENGALURU: Infosys is buying a controlling stake in Stater, the mortgage service unit of ABN AMRO Bank for Rs 1,000 crore (127.5 million), the third such deal for the software exporter after.

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Infosys Technologies, the country’s second-largest information technology services entity, said it would acquire 75 per cent of the equity in Stater NV, a subsidiary of Dutch-based ABN AMRO Bank, for Euro 127.5 million ($143.1 million).

New Delhi: IT services major Infosys on Friday said it has completed the acquisition of 75 percent shareholding in ABN AMRO Bank’s wholly-owned Stater NV. In March, the country’s second largest IT services firm had said it will acquire 75 percent stake in Stater for 127.5 million euros (about Rs 989 crore).

The benchmark index ended the day at 38,767.11, up 160.10 points over its previous close. The NSE Nifty too rose 46.75 points, or 0.40 per cent, and ended at 11,643.45. Key monitors going ahead.

Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater In March, the country’s second largest IT services firm had said it will acquire 75 per cent stake in Stater for 127.5 million euros (about Rs 989 crore).

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