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The latest announcement is out from Infosys Limited ( (IN:INFY) ).
Infosys Limited announced the merger of its wholly owned step-down subsidiaries, Infosys Romania and ProIT, as part of an internal restructuring effort. This merger aims to enhance operational synergies and streamline the company’s group structure. The transaction, involving no cash consideration, is exempt from related party transaction regulations due to both entities being wholly owned subsidiaries of Infosys Limited. The merger is not expected to affect the shareholding pattern of Infosys Limited.
More about Infosys Limited
Infosys Limited is a global leader in consulting, technology, and next-generation services. The company provides a wide range of information technology and IT-enabled services, focusing on delivering digital transformation solutions to its clients worldwide.
Average Trading Volume: 468,860
Technical Sentiment Signal: Buy
Current Market Cap: 6638.3B INR
See more data about INFY stock on TipRanks’ Stock Analysis page.