rel=”dofollow” href=”https://economictimes.indiatimes.com/infosys-ltd/stocks/companyid-10960.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Infosys on Thursday announced a definitive agreement to acquire ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/technology-and-business-consulting” target=”_blank”>technology and business consulting firm ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/mre-consulting” target=”_blank”>MRE Consulting for $36 million (about Rs 307.4 crore) in an ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/all-cash-deal” target=”_blank”>all-cash deal. The IT firm will acquire the consultancy company through its wholly owned subsidiary Infosys Nova Holdings LLC.
The acquisition is expected to close during the first quarter (April-June) of FY26.
The cost of acquisition will be “Upto $36 million, including upfront and earnouts, excluding management incentives, and retention bonus,” according to a regulatory filing.
The…
