Infosys to acquire semiconductor design company InSemi for Rs 280 crore
Thursday - January 11, 2024 5:08 am ,
Category : BUSINESS
Infosys to acquire semiconductor design company InSemi for Rs 280 crore
Chennai, Jan 11 (IANS) Software major Infosys Ltd on Thursday said it will acquire InSemi, a semiconductor design and embedded services provider, for Rs 280 crore.In a regulatory filing, Infosys said the acquisition of Rs 153.6 crore revenue InSemi is expected to close during the fourth quarter of fiscal 2024, subject to customary closing conditions."Consideration including earn-outs, and management incentives, and retention bonus totaling up to INR 280 crores subject to customary closing adjustments," Infosys said.The Bengaluru headquartered InSemi has a headcount of over 900 persons.--IANSvj/svn
(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)
