Sebi keeping a watch on Infosys share price: Ajay Tyagi

Infosys plunged nearly 10% on Friday wiping out Rs 22,519 crore from its m-cap after Sikka's exit.

Sebi keeping a watch on Infosys share price: Ajay Tyagi
Markets regulator Sebi today said it is keeping a close tab on the share price movement of Infosys, which saw its first non-promoter CEO Vishal Sikka quitting last week amid differences with its founders.

Shares of Infosys plunged by nearly 10 per cent on Friday wiping out Rs 22,519 crore from its market valuation, after Sikka's resignation. It fell further by over 5 per cent yesterday despite buyback announcement by the company.

The country's second largest software services firm on Saturday announced that its board approved a share buyback offer of up to Rs 13,000 crore.

"We are keeping a watch on Infosys share prices," Sebi Chairman Ajay Tyagi said here today.

The Sebi chief said the regulator will stick to its December deadline for linking Aadhaar with e-KYC for trading accounts.

The move is aimed at curbing money laundering and tax evasion through stock markets.
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All demat account holders are required to link their accounts with Aadhaar by December 31, 2017. In case of failure to submit the documents within the prescribed time limit, the account would be suspended till the Aadhaar details are submitted by the client.
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