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Mitsubishi to invest Rs.8.9 Cr for 2% stake in Infosys-led JV Hipus

PR Newswire   Deccan Herald   Hipus  

Tokyo, Japan-based industrial group Mitsubishi Heavy Industries (MHI) has invested JPY 150 million (INR 8.9 crore) in Infosys-led, Japan-based joint venture Hipus for a 2% stake, to be bought from Infosys.Hipus was set up in 2019 as a JV between Infosys Singapore, Hitachi, Panasonic and Pasona. It promotes business process transformation, provides total procurement solutions and offers services in digital technology, analytics, and consulting.Post completion of the deal, Infosys Singapore will hold 79% stake in the JV, while Hitachi Panasonic and Pasona will hold 15%, 2% and 2% respectively.