Nse Bse Tips, Infosys Divide: Vishal Sikka In A Letter Refutes Whistleblower Allegations

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When it seemed that the differences between the founders and board members at Infosys had settled, a new development has again raised questions on the IT giant's corporate governance. According to media reports, a whistleblower has written to market regulator Sebi alleging irregularities in Infosys' USD 200 million acquisition of Israeli software company Panaya in February 2015. In the latest mail, the whistleblower has alleged that the USD 200 million purchase of Panaya was 25 percent more than the valuation the firm received in a Series E funding round, a month before the acquisition.