Sikka’s resignation as Infosys CEO wipes out Rs 30,000 crore investors’ wealth


Mumbai, 18 August: Vishal Sikka’s resignation as MD (Managing Director) & CEO (Chief Executive Officer) of Infosys took a heavy toll on investors’ wealth as the IT giant’s market capitalisation tanked by nearly Rs 30,000 crore. The cumulative investment of founder and former chairman of Infosys, Narayana Murthy’s family saw a decline of about Rs 1,000 crore as Infosys shares took a beating. Murthy, his wife Sudha N Murthy, daughter Akshata Murthy and son Rohan Murthy together hold 3.44 per cent stake in Infosys. The Infosys stock slipped over 13 per cent in intra day trade to touch its multi-year low of Rs 884.20 in trade on Friday.



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