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

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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).

 · 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). ABN AMRO continues to hold the remaining 25 per cent.

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Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater Updated : May 24, 2019 01:07 PM IST In March, the country’s second largest IT services firm had said it will acquire 75 percent stake in Stater for 127.5 million euros (about Rs 989 crore).

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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.

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Infosys completes acquisition of 75% stake in ABN AMRO bank subsidiary stater 1 min read . 24 May 2019 Real test for Infosys will be over next 3-5 years: CEO Salil Parekh

Infosys and ABN AMRO have entered into a strategic partnership wherein Infosys will acquire 75% of shares(for 127.5 million euros) in Stater N.V., a wholly owned subsidiary of ABN AMRO Bank. The partnership aims to strengthen Infosys’ position across the mortgage service chain.

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The company’s net profit stood at Rs 237.67 crore in the year-ago period, Mphasis said in a statement on May 27. Total income increased to Rs 199.90 crore during the March quarter of 2018-19 from Rs.

The company’s net profit stood at Rs 237.67 crore in the year-ago period, Mphasis said in a statement on May 27. Total income increased to Rs 199.90 crore during the March quarter of 2018-19 from Rs.

Infosys completes acquisition of 75% stake in ABN AMRO Bank subsidiary Stater By Ganesh Sivaraman on May 24, 2019 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.