August 28, 2017 / 4:07 AM / a year ago

Infosys shares jump after Nilekani named non-exec chairman

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)

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