Infosys divests part of its stake in Whoop for $10 mn

Infosys divests part of its stake in Whoop for $10 million

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IT services major Infosys on Friday said it has divested one-third of its holding in US-based Whoop for about USD 10 million (about Rs 73.5 crore).

In 2015, Infosys had announced making a USD 3 million investment in US-based wearable device startup Whoop for a minority shareholding in the company.

"The company had made a minority investment of USD 3 million during December 2015 in Whoop Inc, the human performance company headquartered in Boston, USA. ...The company would like to inform that it has divested one-third of its holding for about USD 10 million," Infosys said in a filing on Friday.