New Delhi. The Indian IT Company Infosys on Wednesday announced that it would buy a 75% stake in Versant Group, a fully owned company of Australia (Telstra Group), Australia. For this, Infosys will offer around 233.3 million Australian dollars (US $ 153 million). The impact of this business update can be seen on Infosys shares today. Today the shares of this IT company will be in focus.
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According to Reuters, the Versent Group provides cloud services to institutions like finance, energy, public services, government and education in Australia. Infosys said the deal would strengthen its presence in Australia.
Shares bounced in Wall Street
On hearing this news, the shares of Listed Infosys in the US jumped up to $ 16.33. However, it will take time to complete the deal. It is to be completed by the second half of the financial year 2026, provided Australia’s Foreign Investment Review Board and Competition Commission approval.
Share price trend
On Wednesday, Infosys shares rose by 0.16 % to close at Rs 1426.40. This stock has broken more than 21 percent in the last one year. Whereas, so far this year it has fallen by more than 24 %. Even if we talk about the last six months, this stock has damaged its investors more than 23 %. Even a month ago, those investing are in loss of 9.16 percent. Its 52 -week high is Rs 2006.45 and low is Rs 1307.
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