Infosys' first non-founder CEO had been granted 232,329 RSUs at Rs 5 a unit.
Vishal Sikka, the new chief executive officer, is in the process of internally discussing and finalising the future course of action, chief operating officer U B Pravin Rao said on Tuesday.
"There was not a single decision that I took during my second tenure without discussing it with Ranga and getting valuable input from him," says Narayana Murthy.
The report published by an English daily said the promoters wanted to sell their entire stake as they were unhappy over the manner in which the company was being run.
Nandan Nilekani said the co-founders have served the company "selflessly" and remain committed to the long-term success of Infosys.
'The meanness of the board statement apart, it nowhere answers the most fundamental and damaging aspects of the deteriorating work culture among top company executives to which Narayana Murthy had been repeatedly drawing attention,' says B S Raghavan, the distinguished civil servant.
Uber may be in the midst of a major controversy over a rape incident in India, but Infosys' CEO Vishal Sikka feels that digital services like this app-based taxi provider have huge potential in the country.
Vishal Sikka who was made vice-chairman till his successor was appointed, also quit the board with immediate effect.
What is perhaps most fascinating is that Infosys was not the first large Indian IT company to raise its head, nor has it been the largest; but it has often shown a remarkable ability to market itself so that it has punched above its weight.
Ranganath has held several leadership positions.
Credit Suisse thinks it possible for the company to narrow its forecast ('guidance') range.
With this, the total strength of TCS's board has increased to 11.
"The company has been in touch with the Securities and Exchange Commission (SEC) regarding the anonymous whistleblower complaints (anonymous complaints) and has learnt that the SEC has initiated an investigation into this matter. The company will cooperate with the SEC's investigation," Infosys said in a statement.
In August, Vishal Sikka had spoken about a new strategy, focused on renewing core business while building new capabilities like design thinking at the same time.
Parekh, who is joining the company from Capgemini, will take over on January 2, 2018..
The latest one being Ken Toombs, global head of consulting at the Bengaluru-based entity.
Seshasayee has been an independent director on the company's board since January 2011.
Sikka said recent initiatives had started yielding dividends.
Abidali Neemuchwala, who had joined Wipro in 2015 as group president and chief operating officer, was also given 200,000 in stock options in the financial year ended March 2016.
N Chandrasekaran saw his annual compensation rise to Rs 25.6 crore.
India seeks greater market access for its products including textiles, pharmaceuticals and bovine meat.
The company's endeavour is to get independent of this visa matter as much as possible, Vishal Sikka said.
The share buyback -- which will be the first in the company's 36-year history -- has been a long-standing demand by some of the founders and high-profile former executives, who have been pushing Infosys to return surplus capital to its shareholders.
Infosys was the worst performer among the bluechips on both the key indices.
Murthy said he was anguished by the allegations, tone and tenor of statements made by the Infosys board.
Punita is the founder and managing partner, Pacific Paradigm Advisors
Infosys is planning to hire the first 500 within two years.
Sanghrajka has spent 13 years in Infosys over two stints and has performed various leadership roles in the finance section.
The project is supported by the Department of Jobs through IDA Ireland.
Analysts say the company remains on a firm footing, stake sale by the founders will not impact fundamentals.
Design thinking refers to solving traditional tech problems using newer, different and innovative methods
Nilekani is an organised person and his strength is simplification of complex ideas, said Murthy.
More than 100 days as the chief executive of India's second-largest information technology (IT) services company Infosys, Vishal Sikka on Wednesday said he was upset at the sector. He added there was a "better direction" the industry must look to take.
Infosys Chief Executive Officer-designate Vishal Sikka might be new to Indian information-technology (IT) services business, but his past credentials were enough for the company's shareholders to offer him a warm welcome at an Extraordinary General Meeting (EGM) that was called to seek approval for his appointment, among other things.
Vishal Sikka talks about his chemistry with N R Narayana Murthy and about his plans to strengthen the leadership team.
Nilanjan Roy spent 13 years with Bharti Airtel, prior to which he worked for 15 years with Unilever across their global operations.
'The move is a succession plan where Sikka comes on the board as vice chairman.'
I have no hesitation to say that the cultural milieu is different, said chairman R Seshasayee in a rare media interaction.
Sikka said he needs to move forward and return to environment of respect, trust and empowerment, where he can take on new lofty challenges.
This time an anonymous whistleblower made an appeal to market regulator Sebi to probe an agreement made by the tech giant with some of its ex-directors.
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