Infosys settles case with Sebi, pays ₹34 lakh towards settlement

New Delhi: IT major Infosys has settled with Sebi a case of alleged disclosure lapses regarding severance payment made to its former chief financial officer Rajiv Bansal.

The company paid ₹34.35 lakh to settle the case with the markets regulator, according to an order.

The watchdog had issued a notice seeking to initiate adjudication proceedings against the company in November 2017.