No evidence to substantiate whistleblower complaint, says Infy; stock up 3%

In October, an anonymous whistleblower group called 'Ethical Employees' alleged that the company's current management was taking 'unethical' steps to spur short-term revenue and profits.

Infosys jumped up to 6.46 per cent to Rs 732.50 on the BSE on Monday after the company said there was "no supporting evidence" to substantiate the allegations levelled by the anonymous whistleblowers against it. 

At close, the stock stood at Rs 709 on the BSE, up 3 per cent against 0.34 per cent rise in the S&P BSE Sensex.

"With respect to the complaints, there is no prima facie evidence that the company has received until date to corroborate any of the allegations made," it said in a regulatory filing adding, "The complaints are still under investigation, the company