Catamaran will hold a 51 percent stake in the business, as required under India's foreign direct investment rules, the newspaper reported, citing sources.
Infosys Ltd co-founder NR Narayana Murthy is close to entering into an e-commerce joint venture in India with Amazon.com Inc through his investment firm, Catamaran Ventures, India's Economic Times reported.
Catamaran confirmed the planned venture with Amazon Asia, the business daily reported on Thursday.
Also Read: Infosys does performance check; to have dedicated US-team
Amazon and Catamaran were not immediately available for comment.
Catamaran will hold a 51 percent stake in the business, as required under India's foreign direct investment rules, the newspaper reported, citing sources.
Murthy built up Infosys into one of India's top outsourcing service companies. He stepped down as executive chairman of the company earlier this month.
Infosys stock price
On June 27, 2014, at 11:14 hrs Infosys was quoting at Rs 3225.00, up Rs 35.60, or 1.12 percent. The 52-week high of the share was Rs 3847.20 and the 52-week low was Rs 2392.85.
The company's trailing 12-month (TTM) EPS was at Rs 177.52 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 18.17. The latest book value of the company is Rs 733.03 per share. At current value, the price-to-book value of the company is 4.40.
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