Info-tech

Infosys to divest stake in CloudEndure for $ 15.3 mn

PTI New Delhi | Updated on December 15, 2018 Published on December 15, 2018

IT giant Infosys Satuday said it has inked a pact to divest its shares in Israeli startup CloudEndure Limited for a total consideration of around $ 15.3 million (about Rs 110 crore).

“The company has, on December 14, 2018, signed an agreement to divest its shares in CloudEndure Ltd for a total consideration of around USD 15.3 million, subject to necessary conditions,” Infosys Ltd said in a regulatory filing.

In 2015, Infosys had picked up minority stake in CloudEndure, that provides cloud migration and cloud-based disaster recovery software, for $ 4 million.

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Published on December 15, 2018
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