Infosys denies Speculations of Stake Sale by Promoters
Shital Jibhe / 09 Jun 2017
On Friday, Infosys provided a clarification on media reports regarding speculations on plans of stake sale by the promoters, through a release on BSE.
On Friday, Infosys provided a clarification on media reports regarding speculations on plans of stake sale by the promoters, through a release on BSE.
Categorically denying the media report on stake sale by the promoters, Infosys has also appealed 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 stock has underperformed the BSE Sensex and BSE IT over a period of 1 year and its peers include Wipro and TCS.
Shares of Infosys were down 2% in morning trade after reports that some promoters were looking to sell their stakes in the company. However, after
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