INFOSYS LTD – STOCK Price Crash Wipes ₹53,452 Crore off its Market Value in a day

Infosys Ltd Stock Price today crashed 16% to ₹643.30 after India’s No.2 software services exporter said it is investigating whistleblower claims accusing its top two executives of “unethical practices” to boost short-term profit. Today’s crash wiped off ₹53,452 crore from its market capitalisation. Infosys Chairman Nandan Nilekani said in a statement on Tuesday that the complaints were placed before the audit committee and the non-executive members of the board.

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