Infosys buys healthcare business subsidiary for $100 mn


Bengaluru, June 22 (IANS): Global software major Infosys Ltd on Monday secured shareholders’ approval for buying its healthcare business subsidiary for $100 million (Rs.625 crore), a company official said.

"The shareholders approved a special resolution at the company’s 34th annual general meeting here to acquire Infosys Public Services Inc., a wholly-owned subsidiary, on July 1 or after for $100 million,” the official said on the margins of the AGM.

The AGM, chaired by the new non-executive chairman R. Seshasayee, also approved the appointment of Roopa Kudva as an independent director on the company’s executive board.

Kudva was chief executive of Crisil (Credit Rating Information Services of India Ltd), a global analytical company, from 2007 to April this year. She will join Omidyar Network, a global impact-investing firm, as a partner in July and be managing director of its India advisory firm.

Of the iconic IT firm’s seven co-founders, only N.R. Narayanay Murthy was present at the AGM along with his wife Sudha Murthy, chairperson of Infosys Foundation, and a promoter shareholder.

The other six - Nandan Nilekani, S. Gopalakrishnan, S.D. Shibulal, K. Dinesh, N.S. Raghavan and Ashok Arora were absent, though barring Arora, they continue to be promoter shareholders.

Murthy, who returned from retirement to head the troubled company as chairman on June 1, 2013, stepped down abruptly a year later (June 14 2014) after reviving its sagging fortunes and finding Vishal Sikka as successor.

 

  

Top Stories


Leave a Comment

Title: Infosys buys healthcare business subsidiary for $100 mn



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.