Infosys stock down 3% on report of Founders' stake sell-off
The stock of Infosys, India's second-largest software services exporter, saw a sharp 3% drop on the opening on Friday after reports of its founders selling their entire 12.5% stake in the company emerged. However, Co-founder Narayana Murthy and CEO Vishal Sikka both denied the reports. Murthy, Nandan Nilekani, Kris Gopalakrishnan and along with others founded Infosys in 1981. 