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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