Why Narayana Murthy wasn't reclassified as public investor

Regulator issued rules on reclassification of shareholders after Murthy's request to Infosys board

In 2014, when Infosys co-founder N R Narayana Murthy asked the board to reclassify him from promoter to public shareholder, the board persuaded him to continue as promoter, said sources involved in the discussions. 

According to the sources, Murthy was not comfortable being responsible as promoter for various decisions the Infosys management would take as he was no longer a part of those decisions. 

In 2014, when Murthy had written to the board to reclassify him as a public shareholder, the board had sought legal opinion on the matter. Eventually, it managed to persuade Murthy to put the request in