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
Seva Teerth: PM Modi inaugurates new PMO, announces these key decisions on first day
February 13, 2026
-
News
Hero of Operation Sindoor: IAF vice chief hails Rafale ahead of mega 114-jet deal
February 11, 2026
-
News
'Govt surrendered before Trump, sold Bharat Mata: Rahul Gandhi attacks Centre over IndiaUS trade deal
February 11, 2026
-
News
Painful times in my marriage: Melinda Gates reacts to Bill Gates being named in Epstein Files
February 05, 2026
-
News
Perverse act of self-immolation: Shashi Tharoor slams Washington Post after son Ishaans layoff
February 05, 2026
-
News
Is India moving away from the Dollar? Strategic shift in foreign reserves signals a new era
February 03, 2026
-
News
This Union budget is about building capacity, not chasing short-term consumption
February 02, 2026
-
News
AI will replace surgeons, coders and billions of jobs, warns Sraddhalu Ranade at MCHD-SKC Memorial Lecture
February 01, 2026
-
News
Sheikh Hasina attacks Muhammad Yunus from first public address in Delhi, urges uprising in Bangladesh
January 23, 2026
-
News
Top Maoist leader with 2 crore bounty among 16 eliminated in major Jharkhand encounter
January 23, 2026
