The Infy stock is well into the 900 point figure ever since Nilekani re-joined as the Chairman. On Wednesday, the scrip was trading at 930.55 points, up by 3.35 points or 0.36% on the Bombay Stock Exchange.

Besides the new leadership, NR Narayana Murthy also cleared his stand on a range of issues, when he spoke at an investor conference on Tuesday evening. He started off by correlating the exit of R Seshasayee as a "rejuvenation", although he also suggested that much of board issues still remained a work-in-progress.

He said, "you would all agree that the rejuvenation of the Board has already begun with the resignation of Mr. R. Seshasayee and some other board members. However, it is still work-in-progress."

He continued his observations sharing that Seshasayee led the voice for large severance payout to Rajeev Bansal, an ex-CFO since the CFO was "privvy to price sensitive information"

Murthy said, "In the AGM in July, Seshasayee lies about the reason for payments made to the ex-CFO claiming it was made in consideration of his long service and to protect the company from its secrets being compromised. In reality, it was paid to protect to the secrets of the CEO and the Board."

Speaking further, Murthy claimed Seshasayee suggested him and Nilekani that large severance sums was a decision taken by David Kennedy, the former General Counsel at Infy. "When we probed further whether the Remunerations Committee, the Audit Committee and the Board applied their mind to this issue, there was silence from Mr. Seshasayee," he said.

"On July 15, 2016 when I asked the board members, in the presence of Nandan and Dinesh, why they agreed to pay such a huge severance amount, Mr. Jeff Lehman said it was confidential and could not be disclosed to us. Ms. Roopa Kudva said that we had to sign an NDA if we wanted to know the reason. So much for shareholder transparency and democracy. On October 14, 2016, Mr. Seshasayee told us that the Board agreed to pay this sum because they felt generous."

He showed confidence in the leadership skills of Nilekani suggesting, "Nandan will determine whether the members of the current Board who were involved in the events alleged by the whistle blower exercised their proper and expected role in governance; and that he will take appropriate corrective actions. These actions will bring back the rigor of governance standards at Infosys. I would also like to re-iterate my confidence in the current senior management of the company, which has several excellent people with whom I have worked. I know the company is in good hands."

"I wish Nandan the best of everything in his effort to bring back Acche Din to Infosys."