India Business

Should Vishal Sikka Be Feeling Aggrieved Over Infosys' Announcement?

Team Republic |

The speculation surrounding Vishal Sikka's acrimonious exit from the country's second-largest IT company also involved the acquisition of Israel-based software-as-a-service company Panaya. At that time, an association had been made to the $200 million acquisition as well as the departure of Infy's then CFO Rajiv Bansal and a large payout earmarked for him.

On Tuesday, with company co-founder Nandan Nilekani installed at the head of the board, Infosys made an announcement over the Panaya deal. Details in the video above.