Tuesday, March 04, 2025 | 07:07 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

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"

Infosys
Premium

Currently, Infosys is building up a strong legal defence to present its case before the regulators

Debasis Mohapatra Bengaluru
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. 

In

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in