Infosys shares under pressure after losing $1.5 billion deal

Shares of Infosys on Tuesday fell up to 2.5% to the day’s low at Rs 1,522.50 on BSE after a global company terminated the MOU for a $1.5 billion deal with the IT giant.

“The global company has now elected to terminate the Memorandum of Understanding and the parties will not be pursuing the Master Agreement,” Infosys said in an exchange filing.