India’s second-largest software services exporter Infosys Ltd said on Friday it formed a joint venture with Singapore state investor Temasek as it expands its presence in Southeast Asia. Temasek looks to enhance its IT services through the venture in which Infosys will hold a 60 percent stake and Temasek 40 percent, Infosys said in a statement. The joint venture will integrate teams from Infosys and the operations of Temasek’s unit in Singapore, Trusted Source Pte Ltd, which currently delivers IT services to Temasek and a number of other clients.

India’s second-largest software services exporter Infosys Ltd said on Friday it formed a joint venture with Singapore state investor Temasek as it expands its presence in Southeast Asia. Temasek looks to enhance its IT services through the venture in which Infosys will hold a 60 percent stake and Temasek 40 percent, Infosys said in a statement. The joint venture will integrate teams from Infosys and the operations of Temasek’s unit in Singapore, Trusted Source Pte Ltd, which currently delivers IT services to Temasek and a number of other clients.