An anonymous whistle-blower’s email has claimed that Infosys paid $200 million in February 2015 for the Panaya acquisition when the company had been valued at $162 million by Israel Growth Partners. Even so, his reservations did not deter Infosys from eventually agreeing to pay $200 million to buy Panaya; Bansal eventually came around to accepting the decision by Sikka and the board. ALSO READ | At first, Infosys didn’t record minutes of Rajiv Bansal severance pay meetingSecondly, Infosys has publicly disclosed that SAP’s co-founder Hasso Plattner held about a 6% stake in Panaya. The email states that the Panaya acquisition made Plattner richer by $17 million. This is reflected in Infosys’s profit and loss statement, which pegs the acquisition cost of Panaya at $225 million.

Source: Mint February 20, 2017 02:13 UTC