Infosys says activist shareholders are a risk factor in SEC filing

Warns of issues in strategy execution if management, board spend time on responding to allegations

Infosys has warned that the company’s performance and stock, in exchanges both in India and the US, could be affected because of actions of activist shareholders, hinting at the public interventions in the firm’s affairs by its founder NR Narayana Murthy.

Infosys also had warned of difficulties in executing its strategy if the management and board continued to spend time on responding to allegations against the company as it did over the past year, Infosys said in its 20-F filings to the US Securities and Exchange Commission on Tuesday. 

Murthy, who had raised the red flag internally, went public over