Infosys Limited has informed the Exchange regarding 'Disclosure Under Regulation 30 Of SEBI LODR Regulations'.
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Infosys has announced that the Board of its wholly owned subsidiary, Infosys Singapore Pte Ltd, has approved the incorporation of a new wholly owned subsidiary in Australia to be named 'Infosys Enterprise Business Services Pty. Ltd.' The new entity will operate as part of Infosys's global subsidiary structure. No financial details, capital commitment, or timeline for the incorporation have been disclosed yet. Additional details will be shared with the exchanges as required under SEBI regulations.
This is a routine subsidiary incorporation and is not expected to have any material impact on Infosys's stock price or shareholder value. It signals continued global expansion of Infosys's enterprise services footprint in the Australian market.