Comments
Shares of Infosys on Wednesday bounced back, rising over 1 per cent, after a massive selloff in the previous session on concerns over a whistleblower complaint against the company’s top executives.
The scrip gained 1.28 per cent to ₹651.55 on the BSE. On the NSE, it rose by 1.26 per cent to ₹651.70.
Shares of Infosys on Tuesday plummeted nearly 17 per cent marking their worst intra-day fall in over six years, wiping ₹53,451 crore from its market valuation.
A complaint by a group that calls itself “ethical employees” of Infosys has alleged CEO Salil Parekh and CFO Nilanjan Roy were indulging in “unethical practices” to boost short-term revenue and profits.
Read more: Who are these 'Madrasis' and Diva on Infosys’ Board?
The IT services giant on Tuesday said it is investigating the anonymous whistleblowers’ claims.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.