Infosys co-chair Nilekani quits to join govt

NEW DELHI Thu Jun 25, 2009 2:49pm IST

Infosys co-chairman Nandan Nilekani speaks to the media in Bangalore in this January 11, 2006 file photo. Nandan Nilekani, co-chairman of Infosys Technologies Ltd, India's No. 2 outsourcer, has resigned from the company's board to join the government, the company said on Thursday. REUTERS/Jagadeesh Nv

Infosys co-chairman Nandan Nilekani speaks to the media in Bangalore in this January 11, 2006 file photo. Nandan Nilekani, co-chairman of Infosys Technologies Ltd, India's No. 2 outsourcer, has resigned from the company's board to join the government, the company said on Thursday.

Credit: Reuters/Jagadeesh Nv

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NEW DELHI (Reuters) - Nandan Nilekani, co-chairman of Infosys Technologies Ltd, India's No. 2 outsourcer, has resigned from the company's board to join the government, the company said on Thursday.

Nilekani, one of the founders of Infosys, has been invited by Prime Minister Manmohan Singh to head government agency Unique Identification Authority of India in the rank of a cabinet minister, Infosys said in a statement.

Nilekani, a former chief executive of the company, was not involved in active management since becoming co-chairman in 2007.

Shares in Infosys, which has a market value of about $21 billion, were up 0.7 percent at 1,771.25 rupees at 0849 GMT in a Mumbai market down 0.5 percent.

(For more news on Reuters Money click in.reuters.com/money)

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