Infosys to expand its campus in Telangana
Tech giant Infosys is all set to expand its IT campus at Pocharam. The move will lead to the creation of 17,000 new jobs in Telangana.
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.
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“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.
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“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.
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