Infosys shares jump after Nandan Nilekani named non-exec chairman

Nilekani, one of the company’s seven founders who was its chief executive between 2002 and 2007, was named as non-executive chairman late Thursday evening.

Shares of Infosys Ltd rose as much as 4.6% on Monday, after co-founder Nandan Nilekani returned as chairman raising hopes that a months-long row between the board and the founders of the country’s second-biggest software services exporter will be resolved.

Nandan M. Nilekani speaks to the media at the Infosys campus in Bangalore. (Reuters File)

Infosys shares were trading 3.5% higher at 0401 GMT in a Mumbai market that was up 0.3%.

Nilekani, one of the company’s seven founders who was its chief executive between 2002 and 2007, was named as non-executive chairman late Thursday evening.

Indian markets were closed on Friday for a public holiday.