Infosys to take over ABN AMRO arm

Mumbai: Infosys Ltd., the second biggest IT services company, on Thursday said it would buy a 75 per cent stake in ABN AMRO Group NV’s mortgage administration services unit for Rs 989 crore (127.5 million euros).

The Bengaluru-based company will acquire the stake in Stater N.V. through its consultancy arm Infosys Consulting Pvt. Ltd. and the transaction is expected to close in the first quarter of fiscal 2020.