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KV Kamath: Infosys may spend US$1bn on acquisitions

Kamath is currently an independent director on the board of Infosys.

August 19, 2011 11:14 IST | India Infoline News Service

The new Infosys Chairman, KV Kamath, who will take charge from 21st August, will be introducing new strategies for the IT company's growth.
 
Kamath is currently an independent director on the board of Infosys.
 
The company is likely to increase its mergers and acquisition budget, report quoted Kamath as saying. Infosys' budget for M&A stands at US$1bn, it added.
 
Kamath's transformed ICICI Bank from a Government-owned project lender into India's second-largest bank, making a string of acquisitions.


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