Infosys turmoil: Will keep an eye on its stock price, says Sebi chief

This comes in the backdrop of high profile board and management exits from the company

Securities and Exchange Board of India (Sebi) Chairman Ajay Tyagi said on Tuesday the capital markets regulator was keeping a close watch on the share price movement of information technology (IT) bellwether Infosys.

The stock of Infosys has plunged about 14 per cent since Vishal Sikka’s sudden resignation as chief executive officer on Friday amid differences with the company's founders.

“We are keeping a watch on Infosys share prices,” Tyagi told reporters after a meeting of the Financial Stability and Development Council in New Delhi.

Shares of the IT services major plunged nearly 10 per cent on Friday, wiping out