Infosys gives employees Rs 147-crore stocks amid whistleblower allegations

In April this year, the board of Infosys adopted a new stock plan called "Expanded Stock Ownership Programme"

Amid the flutter created by whistleblower accusations of unethical practices by the Infosys management, the company has granted restricted stock units (RSUs) to 6,949 mid-level employees, worth around Rs 147 crore under a 2015 incentive compensation plan. 

“The date of grant for these stock incentives is November 1, in line with the company’s compensation calendar timelines,” the Bengaluru-headquartered information technology (IT)-services firm said in a regulatory filing. 

This has happened at a time when an anonymous group calling itself Ethical Employees, in a letter dated September 20, alleged that Infosys’ current management was taking “unethical” steps to inflate short-term revenue and profit. 

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