Misty Tuesday morning in Delhi

  New Delhi: It was a mi…

Difficult for rural children to …

New Delhi: President Ram …

There will be rain of jumlas now…

  New Delhi: As Prime Mi…

Jio earnings show strong busines…

  New Delhi: With Relian…

CBI court issues release order f…

  Ghaziabad: The CBI cou…

Tripartite talks on Gorkhaland p…

  Kolkata: Claiming that…

Odisha announces Rs 1,250 cr irr…

  Bhubaneswar: The Odish…

Naveen Patnaik turns 72, Modi pr…

  Bhubaneswar: Odisha Ch…

BJP seeks ED probe into Shiv Sen…

  Mumbai: A day after th…

When Pranab riled Sonia Gandhi b…

  New Delhi: Congress Pr…

«
»
TwitterFacebookPinterestGoogle+

Infosys denies stake sale plan by promoters

Facebooktwittergoogle_plusredditpinterestlinkedinmail

Bengaluru: IT bellwether Infosys on Friday denied any stake sale plan by its promoters and appealed to media not to write such “speculative” stories.

“Infosys would like to clarify reports in the media speculating on plans of stake sale by the promoters. This speculation has already been categorically denied by the promoters. The company further reiterates that it has no information on any such development,” an official statement by the company said.

“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,” it added.

The Times of India, Delhi, on Friday published a news item on its front page that said: “The much-celebrated co-founders of Infosys are exploring a sale of their entire 12.75 per cent stake in the company worth about Rs 28,000 crore, people familiar with the development said.”

It named Narayana Murthy, Kris Gopalakrishnan, Nandan Nilekani, K. Dinesh and S.D. Shibulal among the promoters who were planning to sell their stake, along with the shares held by their families.

The company’s shares were trading at Rs 940.10 per share, down 1.69 per cent around 1.30 p.m. on the Bombay Stock Exchange.

IANS

Leave a Reply

Your email address will not be published. Required fields are marked *

CAPTCHA Image

*