Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater – Firstpost

IT services major infosys friday said it has completed the acquisition of 75 per cent shareholding in abn amro bank’s wholly-owned Stater NV. In March, the country’s second largest IT services firm had said it will acquire 75 per cent stake in Stater for 127.5 million euros (about Rs 989 crore).

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IT services major Infosys Friday said it has completed the acquisition of 75 per cent shareholding in ABN AMRO Bank’s wholly-owned Stater NV. In March, the country’s second largest IT services firm had said it will acquire 75 per cent stake in Stater for 127.5 million euros (about Rs 989 crore).

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71 crore in the Consolidated Statement of Profit and Loss. Consequent to the above, the Company has written down the entire carrying value of the investment in its subsidiary, Infosys Nova Holdings.

NEW DELHI: IT services major Infosys Friday said it has completed the acquisition of 75 per cent shareholding in ABN AMRO Bank’s wholly-owned Stater NV. In March, the country’s second largest IT.

Complete lowdown on Infosys’ acquisition of Stater (ABN AMRO’s mortgage processing unit), and what this portends for mortgage BPO Infosys, last week, announced buying 75% stake in Stater, till then a wholly-owned subsidiary of ABN AMRO bank, and providing mortgage servicing.

IT major Infosys said on Thursday that it will acquire 75 per cent of the shareholding in Stater NV, a wholly-owned subsidiary of ABN AMRO Bank, that offers end-to-end mortgage administration services in the Netherlands, Belgium and Germany.

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Infosys completes acquisition of 75% stake in ABN amro bank subsidiary stater In March, the country’s second largest IT services firm had said it will acquire 75% stake in Stater for 127.5 million.

As part of the announced partnership, Infosys will acquire 75% of the shareholding in Stater N.V., a wholly owned subsidiary of ABN AMRO Bank N.V., that offers pure-play, end-to-end mortgage.

Under this initiative, customers can interact with the bank staff to discuss their. IT services firm had said it will acquire 75 percent stake in Stater for 127.5 million euros (about Rs 989 crore).

Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater In March, the country’s second largest IT services firm had said it will acquire 75 per cent stake in Stater for 127.5 million euros (about Rs 989 crore).