Infosys whistleblower complaints: Here's what top market experts are recommending on the stock
Updated : October 22, 2019 12:10 PM IST
Infosys shares came under heavy pressure on Tuesday on whistleblower complaints alleging that CEO Salil Parekh and CFO Nilanjan Roy were involved in unethical practices for many quarters.
Intraday, Infosys fell as much as 15.99 percent to Rs 645 per share.
In response to the complaints, chairman Nandan Nilekani issued a statement saying that the company's audit committee will conduct an independent investigation on the same.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more