Infosys on Monday said it has completed the formation of its joint venture with Hitachi, Panasonic Corporation and Pasona Inc, strategically enhancing its presence in Japan. In December last year, Infosys had announced its agreement with these partners under which Infosys was to acquire 81 per cent share in Hitachi Procurement Service Co, Hitachi’s fully-owned subsidiary. Consideration for the 81 per cent stake was 2,762 million yen (approx ₹174.58 crore).
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