Narayana Murthy takes battle to investors to explain his stand on Infosys
The Infosys board and Murthy have drawn battle lines, each holding ground on their stand LATEST NEWS : Infosys founder N R Narayana Murthy has begun reaching out to investors in a bid to explain his stand on the public battle with the Infosys board and the management that led to the resignation of its first non-founder chief executive Vishal Sikka. He would be holding an investors’ call on Wednesday to explain why the values of the company he built has been diluted and how that is bad for Infosys in the long run. Murthy did not respond to an email seeking comments. The Bengaluru-based software major is the most liquid stock on the bourses, with institutional investors holding 57.72 per cent as on June 30, 2017. While Indian investors, who have 9.63 per cent in the company, saw market cap erosion, foreign institutional investors, who hold 37.53 per cent stake in the company, saw a significantly negative impact on the market cap ever since the public fallout l...