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Infosys divests stake in Unsilo for $800,000

Tuesday, January 28, 2020, 8:15 PM

IT services firm Infosys said it has divested its shares in Unsilo A/S for about USD 8,00,000. "...the minority investment made by the company during 2016 in Unsilo A/S... the company announces that it has, on January-28, 2020, completed the divestment of its shares in Unsilo A/S for a total consideration of approximately USD 0.8-million," Infosys said in a regulatory filing.
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ITI cuts FPO price band, extends issue period

Tuesday, January 28, 2020, 8:13 PM

State-run ITI cut the price band for its ongoing follow-on public offer (FPO) to raise up to Rs 1,400 crore, and extended the issue until January 31. The issue was initially slated to close today. The telecom equipment maker cut the price band to Rs 71-77 per share, from Rs 72-77 per share following a tepid response.