An era in Indian corporate history might be drawing to a close. The much-celebrated co-founders of Infosys are exploring a sale of their entire 12.75% stake in the company worth about Rs 28,000 crore, people familiar with the development said. This stunning move is said to have been triggered by the promoters' unhappiness over the manner in which the company has been run since their exit three years ago. Instead of a war of attrition with the company's board and management, the promoters appear to have veered around to the view that it might be better to make a complete break from the company they founded in 1981 and took public in 1993.
An era in Indian corporate history might be drawing to a close. The much-celebrated co-founders of Infosys are exploring a sale of their entire 12.75% stake in the company worth about Rs 28,000 crore, people familiar with the development said. This stunning move is said to have been triggered by the promoters' unhappiness over the manner in which the company has been run since their exit three years ago. Instead of a war of attrition with the company's board and management, the promoters appear to have veered around to the view that it might be better to make a complete break from the company they founded in 1981 and took public in 1993.
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