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Infosys Ltd. Capital/Financing Update 2021
17843_rns_2021-08-16_b73fbd09-ec09-4131-8c84-40d310bca2b1.pdf
Capital/Financing Update
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TO ALL STOCK EXCHANGES
BSE LIMITED NATIONAL STOCK EXCHANGE OF INDIA LIMITED NEW YORK STOCK EXCHANGE
August 16, 2021
Dear Sir/ Madam,
Sub: Disclosure
Please find enclosed the disclosure pertaining to Company's additional investment in TidalScale Inc, a leading software-defined-server technology startup. This disclosure is made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This information will also be hosted on the Company's website, at www.infosys.com.
Yours sincerely, For Infosys Limited
A.G.S. Manikantha Company Secretary
The Company has agreed with TidalScale Inc, leading software-defined-server technology startup, to invest an additional sum of US$ 0.45 million (till date, the Company had invested US$ 3.0 million) taking the cumulative investment to US$ 3.45 million as of date), subject to necessary closing conditions.
Disclosure under SEBI Listing Regulation -
| Investment | Additionalinvestment |
|---|---|
| Nameofthetargetentity | TidalScale Inc |
| Whether related party transaction(s)and whetherthe promoter/ promotergroup/ group companieshaveanyinterestintheentitybeingacquired? | No |
| Industrytowhichtheentitybeinginvestedintobelongs | Enterprise Software |
| Objectsandeffectsof theinvestment | TidalScale'ssoftware helps enterprises to virtualizeserver for faster deployment with reduced cost andimproved in-memory compute performance inprivate/public/hybrid cloud environment.Enterprises who are experiencing exponential growth indata see significant value in TidalScale's offering.The investment is intended to be utilizedfor R&D,businessdevelopment and working capital needs. |
| Anygovernmentalorregulatoryapprovalsrequired | None |
| Indicativetimeperiodforcompletion | Expectedtobecompletedin Q2FY2022 |
| Natureofconsideration | Cash |
| Costofinvestment | US$0.45million(earlier,theCompanyhadinvestedUS$1.5millionin2016 and US$ 1.5 million in 2018takingthecumulativeinvestment to US$ 3.45 million) |
| Percentage of shareholding | A minority holding, not exceeding 20% of theoutstanding share capital of the company |
|---|---|
| Brief background | Founded in 2013 in California, USA, TidalScale is anearly-entrant and market leader in software-defined-server technology. TidalScale's software residesbetween hardware and operating systems to run a singlevirtual machine on multiple physical servers using ML toright-size the server automatically. |
| The software delivers in-memory performance for largeor multiple database workloads requiring no changes toapplications or OS and is deployable within minutes inprivate/public/hybrid cloud environment. |
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INFOSYS LIMITED
CIN: L85110KA1981PLC013115
44, Infosys Avenue Electronics City, Hosur Road Bengaluru 560 100, India T 91 80 2852 0261 F 91 80 2852 0362