Nilekani assures action if whistleblower allegations proved; Infosys up 2%

Backing Parekh, the chairman of the IT bellwether said that he would give full credit to the CEO for the company's growth.

Infosys Ltd advanced up to 3.7 per cent to Rs 721.50 apiece in the intra-day trade on the BSE on Wednesday after the non-executive chairman Nandan Nilekani, during the company's concall, told investors that the company would take action if the allegations against it are substantiated. 

The stock eventually settled at Rs 712, up over 2 per cent on the BSE. 

"While I will not comment on the merits of the allegation at this time, the company will take action if the allegations are substantiated," Nilekani told investors.

He added: "The company became aware of complaint on September 30, which