Infosys buys Swiss firm Lodestone for Rs 1932 cr

September 10, 2012 09:39

Just in: Infosys has acquired Swiss firm Lodestone for 330 million Swiss franc (about Rs 1,932 crore).

The transaction will close by October-end. Infosys will get 200 new clients and add 850 employees post Lodestone Acquisition.

Infosys touched an intraday high of Rs 2,524.70 and an intraday low of Rs 2,490. At 09:18 hrs the share was quoting at Rs 2,520, up Rs 24.10, or 0.97%.

It was trading with volumes of 17,127 shares. In the previous trading session, the share closed up 0.52% or Rs 12.90 at Rs 2,495.90.

Lodestone Holding AG is a global management consultancy firm. Zurich-based Lodestone was founded in 2005 by a former McKinsey consultant Ronald Hafner. It has revenues of $209 million and employs about 800 people.

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