Contact Your Financial Adviser Money Making MC
9
June 2017
IT
bellwether Infosys on Friday denied any stake sale plan by its promoters and
appealed to media not to write such "speculative" stories. The Total Investment & Insurance
Solutions
"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.The
Total Investment & Insurance Solutions
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