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Infosys divests minority stake in ANSR Consulting

Bengaluru: Infosys said it signed an agreement to divest its entire stake from ANSR Consulting holdings for a total consideration of $1 million.

The company said in a note to the BSE. The IT services major had in 2015 picked up minority stake in the consulting firm, which offers services for establishment and operations of global in-house centres (GICs), captive units of multi-national businesses.

ANSR Consulting, a Delaware Corporation, was backed by Accel Partners and Infosys. ANSR reportedly helped set up 27 GICs including companies such as Target in India.

GICs today employ more than 800000 executives in the country.

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