Amidst an ongoing crisis in Infosys after Vishal Sikka quit as company's CEO and MD, employees and shareholders have been categorically demanding Nandan Nilekani's re-entry to tide over the situation. Even the IT major's board of directors excluding Punitha Sinha and Roopa Kudwa have offered to resign to pave way for Nilekani.
As reports that Nilekani would make a comeback to Infosys gathered steam, stocks of Infosys traded positively on Wednesday. Shares were up 2.8% to Rs 899.95 at 12.25pm, indicating that markets were reacting positively to the news.
Nilekani will be coming for a predetermined period with an aim of achieving a bunch of predetermined goals, mainly identifying the next CEO and giving him enough air cover to find his bearing in the top job. Restoring investor, customer and employee confidence in the company will be another priority.
Meanwhile, Vishal Sikka is learnt to have refuted the charges that Narayana Murthy forced him to resign. There were several reports doing the rounds that Sikka had been facing continuous distractions and disruptions for the past a few months over issues related to corporate governance.