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Infosys Says Arbitrator Rules In Favour Of Ex-CFO's Severance Pay

Infosys is required to pay Bansal the outstanding severance amount of Rs 121.7 million ($1.68 million) with interest

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Tuesday an arbitration tribunal has ruled in favour of former chief financial officer Rajiv Bansal's disputed severance package.

Infosys is required to pay Bansal the outstanding severance amount of Rs 121.7 million ($1.68 million) with interest, the company said in a statement.

Founders of the Indian IT services company, led by Narayana Murthy, had objected to the payout to Rajiv Bansal and the ensuing row culminated in the resignation of the then CEO Vishal Sikka.

(Reuters)


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