Sebi Chief Ajay Tyagi on Friday said a probe is on into the Infosys matter and quipped one needs to ask either Nandan Nilekani or God on the IT major chairman’s assertion that even God can’t change the company’s numbers.
On Wednesday, Nilekani asserted that the company operates with the highest integrity, and that “even God can’t change the numbers of this company”. When asked whether any information has been shared with American regulator SEC since Infosys is also listed in the US, Tyagi declined to elaborate saying it is a confidential correspondence between two regulators.
Meanwhile, Tyagi said there is a need for increasing the flow of issues in the market and that compliance with minimum shareholding norms by state-run entities would be of help. According to him, 45 of the 91 listed government-controlled entities are not meeting the requirement to have a free float of 25 per cent. “Such companies actually need to come forward and increase the visibility in the market and this is something which can be done and I think it should be done and we have conveyed this to the government also,” the Sebi Chairman said.