India's Infosys rises on deal to buy 75% stake in Aussie cloud services provider
ReutersAug 14, 2025 4:36 AM
Infosys INFY.NS rises 1.6% to 1,449 rupees
Co says it will buy 75% stake in Versent Group, a wholly-owned unit of Australia's Telstra Group TLS.AX, for $153 mln
Versent provides cloud services to Australian cos in finance, energy and other sectors
Morgan Stanley says deal price doesn't appear to be expensive, shouldn't lead to dilution in Infosys's EPS
Adds Versent has blue-chip client base; had collaborated with Infosys earlier
Nomura says collaboration will help strengthen Infosys's presence in Australia
YTD, INFY down ~23%
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