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Infosys divests one-third of its stake in Whoop

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

SNS | New Delhi |

Infosys on Friday announced it has divested one-third of its holding in US-based Whoop for about $10 million (about Rs 73.5 crore).

In 2015, Infosys had announced making a $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 $3 million during December 2015 in Whoop Inc, the human performance company headquartered in Boston, USA,” Infosys said in a filing on Friday.

“With reference to the said investment, the company would like to inform that it has divested one-third of its holding for about $10 million,” it added.