Market valuation of six of top 10 valued domestic firms erode by Rs 1.71 lakh crore
Last week, the combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore.
Infosys on Friday announced it has divested one-third of its holding in US-based Whoop for about $10 million (about Rs 73.5 crore).
In 2015, Infosys had announced making a $3 million investment in US-based wearable device startup Whoop for a minority shareholding in the company.
Advertisement
“The company had made a minority investment of $3 million during December 2015 in Whoop Inc, the human performance company headquartered in Boston, USA,” Infosys said in a filing on Friday.
Advertisement
“With reference to the said investment, the company would like to inform that it has divested one-third of its holding for about $10 million,” it added.
Advertisement
