INFOSYS LTD. - Infosys to Acquire Noah Consulting for US$70 Million

Infosys Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 19, 2015, has transacted the following item of business:<BR><BR>- Considered and approved to acquire 100 percent stake in Noah Consulting LLC, head quartered in Houston, Texas (USA), a leading provider advanced information management consulting services for the oil and gas industry.<BR><BR>The Company further informed that none of the promoter or promoter group or group companies have any interest in Noah Consulting LLC and this acquisition does not fall under the related party transaction.<BR><BR>In this regard, the Company has issued a copy of Press Release dated October 19, 2015, titled "Infosys to Acquire Noah Consulting for US$70 Million".