Infosys completes Acquisition of ABN AMRO Bank Subsidiary
IT services major Infosys said it has completed the acquisition of 75% shareholding in ABN AMRO Bank's wholly-owned cNV.
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 ₹989 crore). ABN AMRO continues to hold the remaining 25 per cent.
"This partnership strengthens Infosys' position as a leading technology and business process management provider across the mortgage services value chain, improving experience and operational efficiencies..." Infosys said in a statement.
It added that the deal further enhances its strategy to help clients navigate their next digital transformation journeys.
"The specialised knowledge and experience of Stater in the mortgage services market, combined with t...