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Infosys stock gains 2% on Nilekani buzz

Fri, Aug 25 2017, 04:35 PM

The Infosys stock gained 2% on Thursday amid reports that co-founder and former CEO Nandan Nilekani may rejoin the board of the IT major that is battling an abrupt CEO exit and a board of directors at loggerheads with some of the company’s founders. Post-market closing, Infosys confirmed Nilekani’s appointment as non-executive chairman of the board.