Saturday, December 02, 2006

ABN Amro buys stake in Infosys

Another piece of news on Infosys!

London based ABN AMRO bank NV has picked up 0.02 per cent stake in India's IT major - Infosys Technologies (INFY) by acquiring 1.21 lakh shares of Infosys at a price of Rs 2,179.71 per share in a block deal on the Bomnbay Stock Exchange (BSE) from Merrill Lynch capital markets.

So, it looks like investors worldwide are more and more convinced that the outsourcing wave to India will only get stronger and players like Infosys, TCS and Wipro are good places to invest in!

What do you say guys? :-)







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