The stock plunged 5 per cent to Rs 1,318.05 on BSE.
Both the firms reported some of the largest deal-wins in their history during Q3 as well as cuts in discretionary spending which led to expansion in the operating margins
This is an asset purchase and the transaction is expected to close during the fourth quarter of fiscal 2021, subject to customary closing conditions.
The company had posted a net profit (after minority interest) of Rs 4,457 crore in the year-ago period, Infosys said in a regulatory filing.
With the likelihood of a more relaxed visa regime in the US with the change in administration, analysts have placed their bets on IT majors as well as mid-cap firms for the next year.
For Infosys, the Daimler deal is the second billion-dollar contract that the IT major has won during the pandemic after an earlier $1.5-billion deal with a US investment firm, Vanguard.
Currently, 47 per cent of the revenues of the IT major comes from digital services on the back of huge demand from the enterprises for hybrid cloud, cyber security and remote work services.
Prof. SR Srinivasa Varadhan was speaking at the Infosys Prize 2020 by the Infosys Science Foundation.
Prachi Deshpande from the Centre for Studies in Social Sciences (CSSS), Kolkata, won the Humanities award for her nuanced and sophisticated treatment of South Asian historiography
While Reliance Industries, Infosys, HDFC, ICICI Bank and Bharti Airtel suffered losses in their market valuation, TCS, HDFC Bank, Hindustan Unilever and Bajaj Finance were the gainers.
We are close to 63 per cent visa-independent in US; over 50 per cent in Europe, Australia-New Zealand: Infosys
In September, the Bengaluru-based firm had said it plans to hire 12,000 American workers over the next two years, taking its hiring commitment in the country to 25,000 over five years.
Post the transaction, the number of Infosys shares owned by Kumari and Shibulal stood at 88,96,930 and 21,66,768, respectively.
Infosys began to take action to combat climate change in 2008 and has achieved carbon neutrality in 2020, co-founder and chairman Nandan Nilekani said in a statement.
The company's market valuation declined Rs 11,939.19 crore to Rs 4,71,942.81 crore on the BSE.
Infosys has also hiked its revenue guidance for FY21 to 2-3 per cent in constant currency terms from an earlier prediction of just 0-2 per cent.