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Infosys founders News
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IT solutions provider Infosys retaliated against allegations made in the anonymous whistleblower`s letter that was published in newspapers on Monday, stating that the assertions made are libellous and are aimed at tarnishing the image of Infosys and its management.
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Amid the IT giant Infosys coming under the scanner for alleged corporate governance malpractices, Sebi chairman today said the regulator will not spare any violations irrespective of whether the entity found guilty is big or small.
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The public spat between Infosys founders and its Board has triggered a debate whether it is possible for people to distance themselves from the company they create, with industry experts saying it tends to be a tightrope walk.
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A total of 3.26 crore shares, accounting for over 5.5 percent stake in the company, were sold through multiple deals by Murthy, Nilekani, Dinesh and some of their family members, as well as wife of Shibulal.
Four of the original founders, co-founders and their families are offering 32.6 million shares in Infosys at a fixed price of 1,988 rupees ($32) each.
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