India's Infosys denies promoters selling stake in company


  • TECH
  • Friday, 09 Jun 2017

Infosys founders', led by Murthy, have publicly accused the company's board of lapses in corporate governance.

MUMBAI: Infosys Ltd denied a media report on Friday that the founders of India's second-biggest software services exporter were looking to sell their entire 12.75% stake in the company.

The Times of India newspaper had reported the founders were exploring such a sale, citing people familiar with the developments, although it carried a denial from one founder, Narayana Murthy.

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