“It means Oppenheimer has a point of view,” said V Balakrishnan, former chief financial officer at Infosys.“Such funds take both a long-term macroeconomic view as well as a microeconomic view. While Oppenheimer did not reply to email queries from ET, Infosys declined to comment. The fund has been reducing its exposure to Infosys for the last few quarters.At the end of June, Oppenheimer held 2.16% of Infosys shares. It fell to 1.85% at the end of the September quarter, a period when Sikka and then Infosys chairman R Seshasayee quit the company. Since the end of March 2017, foreign portfolio investor ( FPI ) holding in Infosys has fallen.

Source: Economic Times April 23, 2018 02:15 UTC