BusinessInvestors Lose Rs 53,000 Crore As Infosys Shares Sink Amid Row Over CEO
ADVERTISEMENT
Investors Lose Rs 53,000 Crore As Infosys Shares Sink Amid Row Over CEO
Infosys shares suffer worst single-day fall in more than six years
Whistleblowers accuse CEO Salil Parekh "disturbing unethical practices"
Infosys American Depositary Receipt faced worst fall since 2013 on Monday
Infosys shares fell after CEO Salil Parekh was accused of unethical practices
The complaints "have been placed before the Audit Committee as per the Company's practice and will be dealt with in accordance with the Company's whistleblower policy", Infosys said in a regulatory filing on Monday.
At Tuesday's close, Infosys' market capitalisation or MCap stood at Rs 2.74 lakh crore, as against Rs 3.27 lakh crore in the previous session.
Infosys shares nosedived as much as 16.86 on the BSE during the session be...