|Bid||14.83 x 100|
|Ask||14.99 x 100|
|Day's Range||14.46 - 14.86|
|52 Week Range||13.42 - 16.71|
|PE Ratio (TTM)||15.83|
|Dividend & Yield||0.46 (3.23%)|
|1y Target Est||N/A|
A group of Infosys Ltd. founders, led by N R Narayana Murthy, is marshaling support from investors to take back control of the Indian technology company by replacing several board members, according to ...
After three years at the helm, Vishal Sikka unexpectedly resigned as chief executive of the outsourcing behemoth amid an ongoing spat with company founder Narayana Murthy. The stock has slumped almost 13% as investors had backed Sikka to transform the company from being a provider of outsourced software development to becoming a bigger player in cutting edge technologies like artificial intelligence and automation. Sikka’s departure comes at a crucial juncture for Infosys.
A group of 12 major institutional investors in Infosys Ltd (INFY.NS) has asked the Indian IT services company to bring former CEO Nandan Nilekani back on to its board to try to resolve a feud with the company's founders. The Infosys board has been locked in a public dispute since February with the founders, led by former chair Narayana Murthy, who have accused the directors of governance lapses. The differences prompted its Chief Executive Vishal Sikka to resign on Friday, sparking a sell-off that has wiped over $4.5 billion from Infosys' market capitalization over the last four trading sessions.