Infosys BPM Limited Approves Incorporation of Wholly-Owned Subsidiary in Colombia
Infosys Limited has confirmed a strategic corporate expansion, as the Board of Directors of its subsidiary, Infosys BPM Limited, approved the incorporation of a wholly-owned subsidiary in Colombia.The new entity will operate under the name Infosys BPM Colombia S.A.S., with provision made for alternative names subject to approval by relevant commercial authorities in Colombia.
This move signifies a commitment to deepening operational presence within Latin America through direct investment and establishment of a local subsidiary.
While the incorporation has been approved, additional details regarding this new venture will be disclosed as they become available. The company maintained that the information would also be made accessible on its corporate website.
INFY Stock Price Movement
Shares of Infosys Limited slipped by 1.52% today, settling at ₹1070.6 after trading action in the post-market session. The decline was observed amidst heavy investor interest, with nearly 9.48 million shares transacting during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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