Balakrishnan declines to comment; Pai out of the country
The timing of the letter recommending a buyback of shares worth ₹11,200 crore sent to the Infosys board by two former Infosys CFOs V Balakrishnan and TV Mohandas Pai, reeks of personal motives and amounts to pressure tactics, say analysts.
The whole premise of former Infosys CFOs writing a letter to the board asking for a buyback of shares to boost investor confidence is flawed and led by personal motives and emotions, observed Sanchit Vir Gogia, Chief Analyst & CEO, Greyhound Research.
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