Infosys Limited (NSEI:INFY) agreed to acquire Insemi Technology Services Pvt. Ltd. for INR 2.8 billion on January 11, 2024. The consideration includes earnout payments. Insemi Technology reported revenue of INR 1.536 billion as at fiscal year ending March 31, 2023. The transaction was approved by board of Infosys. The transaction is expected to close during fourth quarter of fiscal year 2024, subject to customary closing conditions. PricewaterhouseCoopers Private Limited acted as the financial and tax due diligence provider to Infosys Limited.

Infosys Limited (NSEI:INFY) completed the acquisition of Insemi Technology Services Pvt. Ltd. on May 10, 2024.