Industry

No change in stance on Infosys: Fund

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Infosys’s third largest institutional investor OppenheimerFunds has said its views on the company have not been “materially” impacted by CEO Vishal Sikka quitting.

The views assume significance as large investors’ take on Infosys and their buy-in will be critical in shaping the company’s narrative in the next few days.

“The investment team’s thesis on Infosys has not been materially affected by the CEO resignation,” OppenheimerFunds spokesperson Kimberly Weinrick said. The investment fund holds 2.16% (4.96 crore shares) as of June 30, 2017 in the company.

Mr. Sikka, Infosys’s first non-founder CEO, resigned last week citing slander by founders.

Printable version | Aug 23, 2017 11:39:58 PM | http://www.thehindu.com/business/Industry/no-change-in-stance-on-infosys-fund/article19546992.ece