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Infosys Narayana Murthy plans for a joint venture with Amazon: report

REUTERS
Published Jun 27, 2014, 1:40 pm IST
Updated Mar 31, 2019, 10:45 pm IST
Narayana Murthy plans to enter into a joint venture with Amazon through Catamaran Ventures
Narayana Murthy plans to enter into a joint venture with Amazon through Catamaran Ventures  (Photo: AP)
 Narayana Murthy plans to enter into a joint venture with Amazon through Catamaran Ventures (Photo: AP)

Mumbai: Infosys Ltd Co-founder, N.R. 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. Catamaran will hold a 51 per cent 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.

 

  

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