Infosys to divest entire $2.5-mn investment from US-based OnMobile Systems

In a separate filing, OnMobile Global (OGL) said Telesystem had acquired Infosys' stake in OnMobile Systems

Infosys
Salil Parekh has experience across a wide range of areas
Press Trust of India New Delhi
Last Updated : Feb 16 2018 | 9:30 PM IST
Infosys, India's second largest software services firm, on Thursday said it has divested its investment in OnMobile Systems Inc for $2.49 million.

"...it (Infosys) has on February 15, 2018 signed an agreement for divestment of its entire investment from OnMobile Systems Inc. USA for a total consideration of $2,498,756," Infosys said in a regulatory filing.

In a separate filing, BSE-listed OnMobile Global (OGL) said Telesystem had acquired Infosys' stake in OnMobile Systems.

Telesystem is a part of the promoter group of OGL, it added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 16 2018 | 9:30 PM IST

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