India’s second largest IT services firm Infosys has completed the acquisition of 75 per cent shareholding in ABN AMRO Bank’s wholly-owned Stater NV.
ABN AMRO continues to hold the remaining 25%.
Speaking about the move, Infosys said the partnership strengthens the company’s position as a leading technology and business process management provider across the mortgage services value chain, improving experience and operational efficiencies.
The IT giant added that the deal further assist it to help clients navigate their next digital transformation journeys.
In March, Infosys announced to acquire 75% stake in Stater, the largest mortgage service provider of the Benelux, for 127.5 million euros, about Rs 989 crore.
Founded in 1997, Stater services 1.7 million mortgage and insurance loans for approximately 50 clients in The Netherlands and Belgium.