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Infosys denies promoter stake sale plans, stock takes a hit

by IBNS 08 Jun 2017, 10:13 pm

#Infosys # InfosysStakeSale # InfosysDeniesPromoterStakeSale

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.

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