Infosys takes Panaya, Skava sale deal off the table
Infosys has dropped plans to sell Panaya and two other subsidiaries Skava and Kallidus after it failed to find any potential buyers.In April, Infosys had announced its plan to sell Panaya — the Israeli firm whose acquisition became a contentious issue between the founders and the erstwhile management led by Vishal Sikka — along with Kallidus and Skava. It expected the sale to be completed by March 2019.”During the quarter ended December 31, 2018, based on evaluation of proposals received and progress of negotiations with potential buyers, the company concluded…
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