{"id":39813,"date":"2018-08-21T12:26:26","date_gmt":"2018-08-21T12:26:26","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=39813"},"modified":"2018-08-21T12:26:26","modified_gmt":"2018-08-21T12:26:26","slug":"infosys-shares-fall-4-on-cfo-ranganaths-exit","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/infosys-shares-fall-4-on-cfo-ranganaths-exit\/","title":{"rendered":"Infosys shares fall 4% on CFO Ranganath&#8217;s exit"},"content":{"rendered":"<p>Shares of Infosys on Monday defied broader market sentiment and fell as much as 4 per cent in morning trade on bourses following the sudden resignation of its Chief Financial Officer MD Ranganath.<\/p>\n<p>On August 18, Ranganath, fondly known as Ranga, who has been working with Infosys for close to two decades, resigned in a surprise move that raises questions about stability at the country&#8217;s second largest IT services firm.<\/p>\n<p>Ranganath, took over the CFO role in 2015 after the exit of Rajiv Bansal. Following the sudden exit, shares of the company opened on a weak note at Rs 1,388.70, then fell to Rs 1,373.55, down 4.03 per cent over its previous closing price.<\/p>\n<p>Similar movement was seen on NSE as well, where the stock opened at Rs 1,388.00, then fell 3.97 per cent to a low of Rs 1,373.50. He is leaving the company to &#8220;pursue professional opportunities in new areas&#8221; and will continue in his current position till November 16, 2018, Infosys had said in a statement.<\/p>\n<p>The board, which accepted the resignation at its meeting on August 18, said it will immediately commence the search for Ranganath&#8217;s successor. &#8220;After a successful career spanning 18 years in Infosys, including as CFO for the last three crucial years, I now plan to pursue professional opportunities in new areas,&#8221; Ranganath said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Infosys on Monday defied broader market sentiment and fell as much as 4 per cent in morning trade on bourses following [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":39814,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[410],"tags":[],"class_list":["post-39813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/39813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=39813"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/39813\/revisions"}],"predecessor-version":[{"id":39815,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/39813\/revisions\/39815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/39814"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=39813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=39813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=39813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}