Indian technology major Infosys (NSE:INFY, BOM:500209) said it has completed the merger between two of its wholly-owned step-down subsidiaries, based in Romania, named In-tech Engineering Services and ProIT, with effect from Jan. 8, according to a Thursday filing to the Indian stock exchanges.
The new merged entity is named In-tech Engineering S.R.L.
The merger is aimed at enabling synergies of operations and rationalizing and consolidating the group structure.
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