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Infosys seeks settlement with regulator on ex-CFO's severance pay

Reuters  |  MUMBAI 

MUMBAI (Reuters) - Infosys has sought a settlement with India's market regulator over a disputed severance package awarded to its former chief financial officer.Founders of the Indian IT services company, led by Narayana Murthy, had objected to the payout to Rajiv Bansal and the ensuing row culminated in the resignation of the then CEO Vishal Sikka and chairman R Seshasayee.Infosys said in a statement on Wednesday it had applied to the Securities and Exchange Board of India as it wanted to resolve allegations, including issues related to not seeking the prior approval of the nomination and ...

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First Published: Wed, December 06 2017. 21:39 IST