image
Infosys denies promoter stake sale plans, stock takes a hit
Bengaluru, Jun 9 (IBNS): Infosys, one of India's leading IT services company, has denied media reports of a stake sale by the founders and issued a statement to that effect on Friday.
In its statement that sought to 'clarify' about 'reports in the media speculating on plans of stake sale by the promoters', the company said, "This speculation has already been categorically denied by the promoters. The company further reiterates that it has no information on any such development. We would like to appeal to the media not to fuel such speculative stories as they are likely to harm the interests of the company and all its stakeholders."
The company also tweeted its official statement.
However, the company's share price took a hit on Friday morning.
A leading newspaper was earlier quoted by others as saying that the promoter group, led by NR Narayana Murthy and Nandan Nilekani, might sell their entire 12.72 percent stake, worth around Rs 28,000 crore in Infosys.
The recent dissatisfaction expressed by the founders at Infosys' activities and governance may have also fuelled, what the company has termed as 'speculative stories', according to media reports.
Top Headlines
-
News
America will not put up with it': Donald Trump on Zelenskyy's statement claiming end of war with Russia is far away
March 04, 2025
-
News
Israel: Benjamin Netanyahu's office admits staff did not pass information ahead of Hamas attack
March 02, 2025
-
News
Trump-Zelenskyy fiery exchange triggers pro-Ukraine protests across USA
March 02, 2025
-
News
'Make a deal or we are out': Donald Trump tells Volodymyr Zelenskyy at White House
February 28, 2025
-
News
BJP to announce JP Nadda's successor as party chief soon: Reports
February 27, 2025
-
News
There is no IIT in Ranchi: Centre rejects Congress leader Sam Pitroda's hacking claim
February 27, 2025
-
News
India's technological sector expected to touch USD 300-350 billion in five years, says Rajnath Singh
February 25, 2025
-
News
Magnitude 5.1 earthquake strikes Bay of Bengal, tremors felt in Kolkata
February 24, 2025
-
News
Washington Post says Trumps claim of $21 million US funding for Indias voter turnout false
February 23, 2025
-
News
PM Modi shares idea to promote 'science' in Mann Ki Baat address
February 23, 2025
