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'My actions always in shareholders' interest, not for personal gains': Narayana Murthy

File photo of Infosys co-founder NR Narayana Murthy Photograph: (Reuters)

WION Web Team New Delhi, Delhi, India Aug 30, 2017, 02.06 AM (IST)

Infosys co-founder N R Narayana Murthy has defended his role in the last few months which saw him raising questions over the deteriorating governance stadards of the company.

Murthy said that his actions were taken keeping in mind the interest of the shareholders and not for personal gains.

Murthy was speaking at a conference call with investors.

He expressed hope that the management will support Nandan Nilekani who took over as the non-executive chairman of the company after former chief executive officer Vishal Sikka's tumultuous exit.

Sikka's exit led to a flurry of exchanges between the board of the company and Murthy. 

The board blamed him for Sikka's exit. 

Sikka's exit triggered panic on the street and led to a significant fall in the company's share prices. 

However, the stock recovered some of the losses after Nilekani took over the reins of the company.
 

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