Reuters logo
BUZZ-India's Infosys falls; co probes complaint over Panaya acquisition
February 22, 2017 / 9:58 AM / 10 months ago

BUZZ-India's Infosys falls; co probes complaint over Panaya acquisition

** Shares of IT services provider Infosys fall as much as 2.6 pct to 987 rupees

** Stock posts biggest intraday percentage fall since Jan. 31

** Co says its audit committee has begun taking steps to investigate anonymous complaint sent to stock exchange regulator and media (bit.ly/2mkEyFt)

** The allegation, which Infosys denies, was that acquisition of Israeli firm Panaya was over-valued and possibly benefited some Infosys executives

** All complaints are under the company’s whistleblower policy, co added

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below