Infosys writes off â¹94 crore investment in animation startup
Infosys has written down the entire carrying value of its roughly â¹94 crore investment in animation startup DWA Nova. The startup, which spun-off from filmmaking company DreamWorks Animation, received the investment in February 2015. The impact of the write down on Infosys' Q1 FY18 net profit is expected to be about â¹71 crore, according to the company.