Infosys to buy Lodestone Holding AG; stock gains 1%

Infosys will buy Zurich-based Lodestone Holding AG for USD 350 million, reports CNBC-TV18.

The transaction will close by October-end. Infosys will get 200 new clients and add 850 employees post Lodestone Acquisition.

Lodestone Holding AG is a global management consultancy firm.

Also read - Infosys to buy Zurich-based Lodestone Holding at USD 350 m

Infosys touched an intraday high of Rs 2,524.70 and an intraday low of Rs 2,490. At 09:18 hrs the share was quoting at Rs 2,520, up Rs 24.10, or 0.97%.
 
It was trading with volumes of 17,127 shares. In the previous trading session, the share closed up 0.52% or Rs 12.90 at Rs 2,495.90.

The company's trailing 12-month (TTM) EPS was at Rs 129.58 per share. (Jun, 2012). The stock's price-to-earnings (P/E) ratio was 19.47. The latest book value of the company is Rs 518.21 per share. At current value, the price-to-book value of the company was 4.87. The dividend yield of the company was 1.86%.