Loadstone

Infosys acquires Lodestone for $350 mn: 10 facts

Infosys, India's second largest IT firm has agreed to buy Zurich-based Lodestone Holding AG in a deal valued at 330 million Swiss francs or $350 million (over Rs 1,900 crore). Brokerage major Nomura says the deal indicates an increase in aggression in terms of inorganic growth for Infosys. CLSA said given the continued underperformance, the acquisi...