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Infosys acquires majority stake in ABN Amro mortgage services arm

India's Infosys Ltd. has completed the acquisition of a 75% stake in ABN Amro Group NV's end-to-end mortgage administration service provider, Stater NV.

The transaction enhances Infosys' position as a technology and business process management provider across the mortgage services value chain, as well as improving experience and operational efficiencies, according to a May 23 BSE filing.

In March, Infosys, through its unit Infosys Consulting Pte. Ltd., agreed to acquire a stake in the Netherlands-based mortgage administration services unit for €127.5 million in cash.

The remaining 25% of Stater will remain in ABN Amro's ownership.