Infosys sells its stake in US-led Trifacta for $12 million; Stock tumbles 2.4%

1 Sep 2022 , 09:17 AM

Infosys Ltd has informed to the exchanges that the tech-giant company had earlier made minority investment of US$10.0 million during 2016-2019, in Trifacta Inc, a data engineering software company headquartered in San Francisco, USA.

Now, the Company has divested its entire holding in Trifacta Inc for ~US$12.0 million. The transaction was completed on August 29, 2022, the company informed in a regulatory filing.

At around 9:17 AM, Infosys Ltd is currently trading at Rs1,457.10 per share down by Rs36.1 or 2.42% from its previous closing of Rs1,493.20 per share on the BSE.

For feedback and suggestions, write to us at [e-mail]