36th AGM of Infosys scheduled for June 24

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IT stocks had a bumpy ride on the indices this week.  Most of the beating was taken by IT bellwether, Infosys as media reports regarding Infosys’ founders selling their stakes haunted the stock. Infosys lost in its share price by over 2% in the last week.

Infosys has clarified reports in the media speculating on plans of stake sale by the promoters. The company further reiterated that it has no information on any such development. It appealed to the media not to fuel such speculative stories as they harm the interests of the company and all its stakeholders.

The company’s annual general meeting is scheduled later this month. The 36th Annual General Meeting (AGM) of the members of the company will be held on June 24 2017 at 3 PM.

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