ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Start ups
    • Funding
    • Appointments
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » Companies News

Infosys enters into joint venture agreement with Saudi Prerogative Company

"Under the agreement there are no issuance of company shares. However, the investment in the JV will be in cash of $ 3,12,671 (SAR 1,172,501) in the equity share capital of the proposed joint venture  company, "It said in the statement. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Infosys enters into joint venture agreement with Saudi Prerogative Company
The joint venture will involve Infosys holding 70% stake while SPC the remaining 30% stake. Photo: Wikipedia

On September 02, IT-major Infosys informed that it has entered into a joint venture agreement with Saudi Prerogative Company (SPC), in order to conduct IT service for customers located in Saudi Arabia. 

The joint venture will involve Infosys holding 70% stake while SPC the remaining 30% stake. 

The agreement has been subject to the approval of Saudi Arabian General Investment Authority (‘SAGIA’). 

"Under the agreement there are no issuance of company shares. However, the investment in the JV will be in cash of $ 3,12,671 (SAR 1,172,501) in the equity share capital of the proposed joint venture  company, "It said in the statement. 

All rights such as board of directors, transfer restrictions, information rights etc. will be customary. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
InfosysSaudi Prerogative Company (SPC)Joint VentureInformation technology
Written By: ZeeBiz WebTeam
Updated: Fri, Sep 02, 2016
08:29 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
These four among top-10 BSE Sensex heavyweights add Rs 82,481 crore in market capitalisation last week These four among top-10 BSE Sensex heavyweights add Rs 82,481 crore in market capitalisation last week
Sensex, Nifty end two-day gaining streak amid profit booking on weekly expiry day Sensex, Nifty end two-day gaining streak amid profit booking on weekly expiry day

LATEST NEWS

FPIs withdraw Rs 17,000 cr from Indian equities in January so far; adopt cautious stance ahead of Budget 2023 and US Fed policy

Breaking News: Odisha Health Minister Naba Das shot; sustains severe injuries

Pathaan box office collection: SRK starrer creates history, becomes highest gross opening weekend movie

PM Modi on Mann Ki Baat urges citizens to read about Padma awardees, talks about India's dream of becoming 'techade'

NTPC Q3 Results: Net profit jumps nearly 5% YoY to Rs 4,854 cr; company announces dividend

Vande Bharat Viral Garbage Photo: Railway Minister directs authorities to change cleaning system in Vande Bharat trains, seeks cooperation from people

Maruti faces semiconductor shortage, witnesses impact on production – here’s what company mulling as alternative

Central Railway Recruitment 2023: Apply for 50 Junior Technical Associate posts - last date, vacancy, age limit, selection process, fees | Know full details here

Pathaan box office collection: Shah Rukh Khan-starrer breaks all records — Check collection figures of SRK's last 5 films

Tech Mahindra Q3 Results Preview: Net profit likely at Rs 1,300 crore with 50 bps rise in margin

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV