Summary:
Narayana Murthy will interact with investors on Wednesday through a conference call to tell his version of the software major’s boardroom battles that led to the exit of its technocrat Vishal Sikka as CEO on last Friday. “Murthy will address and interact with the company’s investors across the world on Wednesday evening at 6:30 p.m.
through a conference call we are hosting,” said the Indian arm of the global asset management group Investec in a statement from Mumbai on Tuesday night. The promoters group, led by Murthy, holds 12.92 per cent of the equity shares, Foreign Institutional Investors (FIIs) and Foreign Portfolio Investors (FPIs) 37.33 per cent, Indian retail, corporate and other investors 23.08 per cent, Indian FIs, Banks and Mutual Funds 9.63 per cent, American Depository Receipts (ADRs) 16.69 per cent and Non-Resident Indians (NRIs) 0.52 per cent. Investors from Britain, Hong Kong, India, Singapore and the US can join the con-call by pre-registering with the facilitator and dialling the given numbers. The Board’s announcement on Saturday to buy back 11.3-crore shares at Rs.1,150 each worth Rs.13,000 crore ($2 billion) failed to halt the slide..