Infosys shares fall 2% after Sebi, US SEC initiate probe into whistleblower allegations

Infosys shares on Thursday declined 2 per cent after Securities and Exchange Board of India (Sebi) and US Securities and Exchange Commission initiated a probe following whistleblower complaints.

The scrip declined 1.95 per cent to Rs 638 on the BSE.

At the NSE, it fell 1.93 per cent to Rs 638.

On Monday, Infosys informed stock exchanges about anonymous whistleblower complaints alleging certain unethical practices.

“The company has been in touch with the Securities and Exchange Commission (SEC) regarding the anonymous whistleblower complaints (anonymous complaints) and has learnt that the SEC has initiated an investigation into this matter. The company will cooperate with the SEC’s investigation,” Infosys said in a statement.