Infosys @ Latest News: FMR increases stake in Infosys

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Wednesday, February 23, 2005

FMR increases stake in Infosys

Fidelity Management and Research Corporation (FMR) increased its stake in Infosys Technologies to over five per cent recently.

Fidelity Investments, a subsidiary of FMR Corp, is one of the key clients of Infosys.

FMR, which held 27,26,725 shares amounting to 1.01 per cent of Infosys' total equity at the end of December 31, 2004, has acquired an additional 1.24 crore shares from the open market recently.

This increases FMR's holdings in Infosys to 5.65 per cent of the company's equity.