Infosys sets up JV for Saudi Arabian market

Software major, Infosys has entered into a joint venture (JV) with the Saudi Prerogative Company to offer IT services in the middle eastern country. The Bengaluru-based IT services firm will own 70% of the JV.

The investment in the JV will be a little over $300,000 in the equity share capital of the proposed joint venture company, Infosys said in a filing with the Bombay Stock Exchange. Infosys Limited is an Indian multinational corporation that provides business consulting, information technology and outsourcing services. It is headquartered in Bangalore, Karnataka.
So let’s do:
1. Name the Software major, Which has entered into a joint venture with the Saudi Prerogative Company to offer IT services in the middle eastern country?

Source – The Hindu





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