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Infosys to buy 75% in ABN AMRO's mortgage arm for $143.5 million

Infosys Ltd, India's second-biggest IT services company, said on Thursday it would buy a 75% stake in ABN AMRO Group NV's mortgage administration services unit for 127.5 million euros ($143.53 million). Infosys will acquire the stake in Stater N.V. through unit Infosys Consulting Pvt Ltd and the transaction is expected to close in the first quarter of fiscal 2020. ABN AMRO will continue to hold the remaining 25% stake in Stater, which operates in the Netherlands, Belgium and Germany.

Read More at Livemint News date : 28 Mar 2019, Thursday

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