Infosys looks to erase Sikka's imprints by announcing sale of Panaya, Skava

The acquisitions had triggered a crisis when Narayana Murthy raised a storm over supposed lack of transparency in deals

As Infosys closed the financial year 2017-18 with its numbers meeting the Street’s expectations, it also made an effort to erase part of its recent past, in which differences emerged between the company and its founders, and then Chief Executive Officer (CEO) Vishal Sikka quit the firm.

The new regime made clear its intention to grow the digital business by announcing an acquisition in the space. The company also said it would sell two key acquisitions, Panaya and Skava, which were bought under the leadership of Sikka. 

It also wrote down Rs 5.89 billion ($90 million) of the investment value of Panaya.

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