For Infosys Ltd, it is more a case of being guilty until proven innocent, rather than innocent until proven guilty. On the New York Stock Exchange, Infosys ADRs fell 15% to $8.95 in early trading on Monday. News reports say the whistleblower complaint was sent to the company’s board on 20 September. With the Infosys board shying away from instilling confidence, it’s natural that investors feel jittery. In order to ensure the whistleblower complaint doesn’t deal a major blow to this perception, the company’s board should act quickly in addressing investors’ concerns.

Source: Mint October 21, 2019 13:58 UTC