Markets give a thumbs up to Nandan Nilekani's appointment

Meanwhile, Rs 13,000-crore buyback at Rs 1,150 a share, though, is near-term positive for the stock

The markets gave a thumbs-up to Nandan Nilekani’s appointment as the non-executive chairman at Infosys over the weekend, barely a week after Vishal Sikka resigned as the managing director and chief executive officer (MD & CEO) of the company.

Nilekani’s return at the helm, most brokerages feel, will address the corporate governance issues and trust vacuum between the founders, especially N R Narayana Murthy, and the Infosys board. The company, they say, can now get back to focussing on tackling business-related issues.

Sikka’s sudden exit on August 18 saw the stock slip nearly 16 per cent to hit a low