Photographs: Courtesy, Infosys Abhirup Roy
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, The Economic Times reported.
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Narayana Murthy plans India JV with Amazon
Photographs: Michaela Rehle/Reuters
Catamaran confirmed the planned venture with Amazon Asia, the business daily reported on Thursday.
Amazon and Catamaran were not immediately available for comment.
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Narayana Murthy plans India JV with Amazon
Photographs: Reuters
Catamaran will hold a 51 percent stake in the business, as required under India's foreign direct investment rules, the newspaper reported, citing sources.
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Narayana Murthy plans India JV with Amazon
Photographs: Reuters
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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