Infosys said that it is acquiring 100% share capital in Global Enterprise International Malaysia Sdn. Bhd. for a cash consideration of 6 million Singapore Dollars (approx Rs 33.32 crore). The deal is expected to be completed by December this year.

Infosys gains 2.4%; arm acquires Singtel’s Malaysian delivery centre

Infosys said that its wholly owned subsidiary Infosys Consulting is acquiring 100% of the share capital of Singapore Telecommunications’ (Singtel’s) delivery center in Malaysia - Global Enterprise International Malaysia (GEIM).

Infosys Consulting to acquire Singtel’s Malaysian delivery center

Infosys said that it is acquiring 100% share capital in Global Enterprise International Malaysia Sdn. Bhd. for a cash consideration of 6 million Singapore Dollars (approx Rs 33.32 crore).

Infosys buys Singtel’s Malaysia delivery centre

Enterprise International standalone net profit rises 33.33% in the September 2021 quarter

Enterprise International reports standalone net loss of Rs 0.05 crore in the June 2021 quarter

Enterprise International standalone net profit declines 84.62% in the March 2021 quarter

BRIEF-India’s Enterprise International Says To Carry On Resins Business

Enterprise International standalone net profit rises 186.67% in the December 2020 quarter

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Enterprise International is engaged in the business of import of textile goods from China and sale in the domestic market.