Infosys Limited and Dankse Bank A/S have entered into an agreement pursuant to which Dankse Bank will outsource some of its IT services to Infosys.

As part of the arrangement, Infosys agreed to purchase the captive unit of Danske Bank in India (i.e., Danske IT and Support Services India Private Limited) for approximately ₹3,724.2 crores ($454 million).

Khaitan & Co advised Infosys in respect of Indian law matters on the acquisition.

The core team consisted of Haigreve Khaitan (Senior Partner), Sanjay Khan Nagra (Partner), B N Vivek (Principal Associate), Shreyas Bapat (Senior Associate), and Rashi Rawat (Associate) with assistance from:

Direct tax matter: Ritu Shaktawat (Partner), Rahul Jain (Principal Associate) and Sneh Shah (Principal Associate)

Indirect tax matter: Mayank Jain (Partner) and Dinesh Kumar Agrawal (Executive Director)

Employment and benefits matters: Vinay Joy (Partner), Srishti Ramkrishnan (Principal Associate) and Aditya J Nair (Associate)

Antitrust advice: Anisha Chand (Partner) and Tanveer Verma (Principal Associate)

Additional support on legal due diligence: Pranav Pramod (Associate) and Simran Sharma (Associate)

Bird & Bird advised Infosys on Danish law aspects of the outsourcing agreement and the acquisition.

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