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23-Mar2018

Infosys gains on investing additional $1.5 million in Waterline Data Science

Infosys is currently trading at Rs. 1168.00, up by 9.20 points or 0.79% from its previous closing of Rs. 1158.00 on the BSE.

The scrip opened at Rs. 1145.00 and has touched a high and low of Rs. 1168.00 and Rs. 1140.00 respectively. So far 60000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1220.00 on 24-Jan-2018 and a 52 week low of Rs. 861.50 on 22-Aug-2017.

Last one week high and low of the scrip stood at Rs. 1180.00 and Rs. 1140.00 respectively. The current market cap of the company is Rs. 2,55,137.31 crore.

The promoters holding in the company stood at 12.90%, while Institutions and Non-Institutions held 56.76% and 13.70% respectively.

Infosys has made a follow-on investment of $1.5 million through the Infosys Innovation Fund in Waterline Data Science, a leading provider of data discovery and data governance software. The company had made an initial investment of $4 million in the company in January 2016. The investment is expected to be completed by April 6, 2018, subject to necessary approvals.

Waterline Data Science provides data scientists and business analysts a self-service data catalog to help discover, understand and provision data, and an automated data inventory that enables agile data governance across metadata, data quality and data lineage.

Infosys is a global leader in technology services and consulting. The company enables clients in 45 countries to create and execute strategies for their digital transformation.


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