1. LIC concerned, open to raising ‘relevant issues’ with Infosys board

    LIC concerned, open to raising ‘relevant issues’ with Infosys board

    NEW DELHI: Life Insurance Corporation, the second-largest stakeholder in software major Infosys , seems open to raising “relevant issues” with the existing board in the event of a showdown between the management and the founding partners of the IT firm.

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    1. We are concerned about what is happening in the company. The promoters have not approached us so far. If they do, we will assess the situation and take up relevant issues with the existing board.
    2. We are willing to hear out everyone, but please appreciate there is substantial public money invested.
    3. Our primary aim is to protect our investments and, as a government-owned firm, we also have a larger role.
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