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Game changer: Under Kamath, Infosys may spend $ 1 billion on acquisitions
Friday, 6th May 2011
The new chairman of Infosys, KV Kamath, is sparing no time in introducing new strategies for the company's successful growth. For starters, Infosys is likely to hike its mergers and acquisition budget, reports CNBC-TV18 quoting sources.
Infosys' earlier budget for M&A was USD 250-500 million. This sum now stands at USD 1 billion. The move comes as part of their revised M&A strategy for FY12.
Publication : Money Control
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