Infosys loses Rs 25,000 crore in value. Wondering why Infosys lost Rs 25,000 crore? Well, we all know that in a shocking manner Vishal Sikka resigns as Infosys CEO and MD on Friday morning. Vishal Sikka took this decision after getting lot of pressure and criticism from board of directors. Vishal Sikka will now continue as Executive Vice Chairman of Infosys.
After vishal Sikka resignation as CEO of Infosys, Infy shares plunged by 13% which is a 52-week low on Friday. This huge plunge has wiped out whopping Rs 25,000 crores from Infosys market capitalization. While on other hand, Infosys rival TCS shares have gained its value on the same day when Infy shares have fallen.