Infosys founders will participate in Rs 13,000-crore share buyback

This comes after Nilekani became chairman to stem the crisis that emerged after Sikka's resignation

Infosys on Monday said some of its founders would participate in the company’s share buyback, a disclosure that comes after Nandan Nilekani became chairman of the firm to stem the crisis that emerged after Vishal Sikka’s exit as chief executive officer (CEO).

Sikka was the first non-promoter CEO in the company. The founders, who, along with their family members, are categorised as the promoter group, hold 12.74 per cent or a little more than 292 million equity shares in the information technology (IT) services major. 

Infosys was founded by N R Narayana Murthy and six others, and their shares were