As Infosys starts investing in Panaya, here's a look-back at the controversy
Updated : June 17, 2019 02:05 PM IST
According to a report by The Economic Times, the firm has appointed a new CEO, brought in executives from outside and is looking to hire a slew of salespeople in the US for its acquired firm Panaya, in a bid to make former MD and CEO Vishal Sikka's 2015 acquisition successful.
In January 2019, the firm dropped the plan to sell the controversial Panaya and Skava.
The controversy within the management sprung when it was alleged by a whistleblower that the then-CFO Rajiv Bansal walked out of a board meeting when the proposal to buy Panaya was made.
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