June 30, 2017 – Divestment in Cloudyn Software Ltd.
With reference to the announcement made by Infosys dated August 3, 2016 with regard to its minority investment in Cloudyn Software Ltd, the Company announces that it has signed on June 29, 2017, an agreement for divestment of its entire investment in Cloudyn for a total consideration of approximately USD 4,400,000. The divestment is due to Microsoft signing a definitive agreement for the acquisition of Cloudyn.
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(Infosys Newsroom)
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