Infosys shares drops after vishal sikka resignation

New Delhi, August 18: As we knew that, Vishal Sikka has resigned as the Chief Executive Officer (CEO) and Managing Director of global software major Infosys Ltd here on Friday.

From this aspect, There is a huge impact on company shares, Infosys shares dropped over 7 % here on Friday morning.

This would be the highest fall in Infosys stock price since March 29, 2014.



Apart from his resignation, UB Pravin Rao will act as the interim-Managing Director and Chief Executive Officer.

In the recent period, the company's equity value is Rs.950 level. Currently, the company's share value is Rs 946. Market officials believe that Sikka's resignation decision has shown a huge impact on Infosys.