UPDATE 1-IndiGo owner's shares drop on airline founder feud report [Reuters]
Infosys Limited American Depositary Shares (INFY)
Last infosys limited american depositary shares earnings: 4/21 04:00 pm
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Source: Reuters
UPDATE 1-IndiGo owner's shares drop on airline founder feud report - Reuters 4 Min Read (Adds detail from CEO letter to employees, regulatory filing) By Arnab Paul and Euan Rocha BENGALURU/MUMBAI, May 16 (Reuters) - IndiGo owner Interglobe Aviation’s shares tumbled 9 percent on Thursday after a report that the co-founders and two largest shareholders of India’s largest airline were at odds over its expansion. The Economic Times (ET) reported that serious differences had arisen between the airline’s co-founders that could have an impact on the functioning of the company. Citing sources close to the matter, the newspaper said among the issues were clauses in the shareholders’ agreement and differences between the founders over their strategies and ambitions for the airline. Co-founders Rahul Bhatia and Rakesh Gangwal, along with their respective families, each control stakes of slightly less than 40 percent in the airline’s holding company, giving them both a major say in its strategy a
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INFY
News
- Infosys Limited (NYSE: INFY) had its price target lowered by analysts at BMO Capital Markets from $21.00 to $18.00. They now have a "market perform" rating on the stock.MarketBeat
- Infosys (INFY) Q4 Earnings and Revenues Surpass Estimates [Yahoo! Finance]Yahoo! Finance
- Infosys Limited (NYSE:INFY) Q4 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Infosys Limited (NYSE: INFY) had its price target lowered by analysts at Susquehanna from $15.00 to $14.00. They now have a "negative" rating on the stock.MarketBeat
- Infosys Limited (NYSE: INFY) had its "hold" rating re-affirmed by analysts at HSBC Holdings plc. They now have a $20.10 price target on the stock.MarketBeat
INFY
Earnings
- 4/19/24 - Beat
INFY
Sec Filings
- 4/18/24 - Form 6-K
- 4/2/24 - Form 6-K
- 2/22/24 - Form 6-K
- INFY's page on the SEC website