MUMBAI, Aug 28 (Reuters) - Shares of Infosys Ltd rose as much as 4.6 percent on Monday, after co-founder Nandan Nilekani returned as chairman raising hopes that a months-long row between the board and the founders of the country’s second-biggest software services exporter will be resolved.
Infosys shares were trading 3.5 percent higher at 0401 GMT in a Mumbai market that was up 0.3 percent.
Nilekani, one of the company’s seven founders who was its chief executive between 2002 and 2007, was named as non-executive chairman late Thursday evening.
Indian markets were closed on Friday for a public holiday. (Reporting by Sankalp Phartiyal)