INSUBCONTINENT EXCLUSIVE:
Shares of Infosys on Friday managed to pare some losses after falling over 1 per cent during the day amid reports that market watchdog Sebi
is likely to call for forensic audit of books of the company on whistleblower allegations of financial irregularities at the firm.
The scrip
declined 1.37 per cent to Rs 773.80 during the day on the BSE
Later, it closed at Rs 782.95, down 0.20 per cent.
At the NSE, shares of the company fell 1.37 per cent to Rs 773.60 during the day
It, however, narrowed the losses to close 0.17 per cent lower at Rs 783.
Infosys on Friday said it has not received any request from Sebi
for conducting further investigation in the whistleblower case where top executives were accused of rigging the company's balance
sheet.
Sources had said Sebi is likely to call for a forensic audit of books of Infosys.
Earlier this month, Infosys had said its audit
committee had found no evidence of financial impropriety or executive misconduct, virtually giving a clean chit to CEO Salil Parekh and CFO
Nilanjan Roy who had been accused by anonymous whistleblowers.
"The company has not received any request from Sebi to conduct further audits
as reported by media on January 23, 2020," Infosys said in a regulatory filing on Friday.
In October, Infosys had informed stock exchanges
of having received anonymous whistleblower complaints alleging certain unethical practices by the top management
It then started a probe into the matter and roped in external investigators
