Infosys Forms Joint Venture For Saudi Arabian Customers

Bengaluru: Software major Infosys Ltd on Friday announced forming a joint venture (JV) with Saudi Prerogative Company (SPC) to provide IT services to customers in the kingdom. "The investment will be $312,671 (Rs 21 million) in cash in the equity share capital of the joint venture," the IT major said in a regulatory filing to the BSE. The joint venture will be in the ratio of 70:30 and the agreement is subject to the approval of th...