Infosys Sister Co to Acquire 75% Stakes in Dutch Bank Subsidiary

Global software major Infosys on Thursday said its consulting arm would buy 75 per cent equity stake in Starter N.V., a subsidiary of the Dutch-based ANN AMRO Bank for Rs 999 crore ($144 million) for strategic partnership in The Netherlands.

“Our subsidiary Infosys Consulting Pte Ltd will acquire 75 per cent of the shareholding in Stater N.V., a subsidiary of ABN AMRO Bank N.V., for Euro 127.5 million (Rs 999 crore or $144 million),” said the city-based IT firm in a statement here.