Infosys forms joint venture with Temasek

Infosys forms joint venture with Temasek

Question- Information technology (IT) services firm Infosys Ltd has formed a joint venture (JV) with­­­­-
(a)Temasek
(b)Oracle
(c)Alphabet
(d)Apple
Answer (a)
Related facts:

  • On 7 September 2018, Information technology (IT) services firm Infosys Ltd has formed a joint venture (JV) with Singapore-based global investment firm Temasek.
  • Infosys will acquire a 60% stake in the joint venture, while Temasek will hold 40%.
  • The joint venture will support Temasek’s digital transformation journey, managing a complex Cloud migration program that will enable Temasek to host its applications on a cloud platform.

About Teamsek

  • Temasek is a global investment company headquartered in Singapore in corporate in 1974.
  • Temasek is a major investor in India with an India portfolio of around $10 billion as of 31 March, with an average yearly investment of $1 billion in the last five years.

Reference:
https://www.livemint.com/Companies/ni77K6yg6CbcTcCMQai3XM/Infosys-announces-joint-venture-with-Singapores-Temasek.html
https://www.infosys.com/newsroom/press-releases/Pages/digital-transformation-journey.aspx

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