Infosys to Acquire Majority Stake in Versent Group

Infosys, the Indian IT services giant, announced on Wednesday its intent to secure a 75% ownership stake in Versent Group, a fully owned subsidiary of Australia’s Telstra Group. The acquisition will cost Infosys A$233.3 million, equivalent to $153 million.

Versent Group’s Core Business

According to a statement released by Infosys, Versent Group specializes in delivering cloud-based solutions to Australian entities operating in vital sectors such as finance, energy, utilities, government, and education.

Strategic Benefits for Infosys

Infosys anticipates that this transaction will significantly improve its footprint in the Australian market. The deal is projected to be finalized by the latter half of fiscal year 2026, pending necessary approvals from both the Foreign Investment Review Board of Australia and the Australian Competition and Consumer Commission.

Market Reaction

Following the announcement, Infosys’ shares, listed in the U.S., experienced a surge, ultimately climbing by 1.6% to reach a value of $16.33.