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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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