 "Infosys signs agreement to divest all its investments in OnMobile Systems for $2.49 million")
Infosys , India’s second-largest software services firm, today said it has divested its investment in OnMobile Systems for $2.49 million.
“…it (Infosys) has on 15 February 2018, signed an agreement for divestment of its entire investment from OnMobile Systems Inc., USA for a total consideration of $2,498,756 (approximately Rs. 161457120),” Infosys said in a regulatory filing.
In a separate filing, BSE-listed OnMobile Global (OGL) said Telesystem had acquired Infosys’ stake in OnMobile Systems.
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Telesystem is a part of the promoter group of OnMobile Global, it added.
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