Sensex Slips Over 200 Pts, Nifty Below 9850 On North Korea Tensions - Dollar Advisory Financial Services

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Tuesday 29 August 2017

Sensex Slips Over 200 Pts, Nifty Below 9850 On North Korea Tensions

Infosys founders are likely to sell some of their stake in the company's Rs 13,000-crore share buyback programme, the company said today.

The promoters' keenness to participate in the buyback comes within days of a silent coup by founders led by N R Narayana Murthy to seize control of India's second-biggest software services firm.

The founders and their families between them hold some 12.75 percent of Infosys. Murthy declined to comment on if he would participate in the buyback.

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