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

Infosys on Friday said it has completed the acquisition of 75% stake in ABN Amro Bank’s wholly owned subsidiary Stater.

On Friday IT services major Infosys said it has completed the 75 per cent shareholding in ABN AMRO Bank’s wholly-owned Stater NV.(according to the source). In March, the country’s second largest IT services Infosys had said it will acquire 75 per cent stake in Stater for about Rs 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.

The asset quality of the bank witnessed worsening. 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). ABN.

NEW DELHI: IT services major Infosys on Friday said it has completed the acquisition of 75 per cent shareholding in ABN AMRO Bank’s wholly-owned Stater NV.

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Read more about Infosys buys 75% stake in ABN AMRO’s mortgage services arm on Business Standard. IT major Infosys said on Thursday that it will acquire 75 per cent of the shareholding in Stater NV, a wholly-owned subsidiary of ABN AMRO Bank, that offers end-to-end mortgage administration services in the Netherlands, Belgium and Germany."This

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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.

 · Infosys completes buyout of 75% stake in ABN AMRO Bank subsidiary 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.

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 Dutch bank will retain 25% in Stater, which offers mortgage services to over 50 clients in Europe. BENGALURU: Infosys is buying a controlling stake in Stater, the mortgage service unit of ABN AMRO Bank for Rs 1,000 crore (127.5 million), the third such deal for the software exporter after.