Infosys says audit committee to probe whistleblower letter on Panaya

An anonymous whistleblower wrote a letter to Sebi alleging Infosys overpaid for Panaya

Infosys, India's second-largest software exporter, says that the company's audit committee would probe allegations made by an anonymous whistleblower after the Bombay Stock Exchange and the National Stock Exchange sought clarity on the charges made against its CEO Vishal Sikka and the acquisition of Israeli firm Panaya.

An anonymous whistleblower wrote a letter to Indian market regulator SEBI and the US SEC among others alleging Infosys overpaid for Panaya and former chief financial officer Rajiv Bansal walked out of a meeting called to approve the acquisition by the board.

The whistleblower's letter mentioned that Panaya was struggling to raise money and employees