Infosys shares drop by 1 per cent after CFO Nilanjan Roy resigns

Shares of Infosys on Tuesday slumped by over 1.40 per cent during intra-day trade as investor sentiment was affected by the resignation of chief financial officer (CFO) Nilanjan Roy. However, the stock recovered from its lows and ended with cuts of up to 0.84 per cent.

In a late evening disclosure on Monday, Infosys had said that Roy has decided to step down to pursue his personal aspirations outside the company.

It announced the appointment of current deputy CFO Jayesh Sanghrajka as the CFO and key managerial personnel. Sanghrajka will take over the new responsibility from April 1, while Roy will continue to be with Infosys till March 31 as CFO.