Infosys to acquire 75% in Australia's Versent

INDIA's second-largest IT firm - Infosys announced on Wednesday that it is acquiring a 75% stake in Versent Group, a leading digital transformation solution provider and wholly-owned subsidiary of Australia's Telstra Group for $153 million or about ₹1,300 crore.

- ENS ECONOMIC BUREAU @ New Delhi

The deal will form a joint venture between Infosys and Telstra for collaboration to propel AI-enabled cloud and digital solutions for Australian businesses. While Infosys will have operational control, Telstra will continue to retain a 25% minority stake in Versent, reflecting its confidence in shared potential for growth and customer value, combining Telstra's connectivity, Versent's digital engineering expertise, and Infosys' global scale, said Infosys. The transaction is likely to close during the second half of FY26, subject to regulatory approvals and customary closing condi