Infosys caught in Russia-Ukraine crossfire

Amid requires sanctions in opposition to Russia, stress is mounting on the UK’s Chancellor of Exchequer Rishi Sunak to make clear if he’s benefitting from his spouse’s stake in Infosys

IT main Infosys Ltd has inadvertently been caught within the cross hairs of the continued Russia-Ukraine conflict as stress has been mounting on Infosys co-founder Narayana Murthy’s son-in-law and the UK’s Chancellor of Exchequer Rishi Sunak to make clear whether or not he’s a beneficiary of his spouse’s stake in Infosys that operates in additional than 50 nations throughout the globe together with Russia.

Narayana Murthy’s daughter Aksata is married to Sunak and holds lower than 1 per cent stake in Infosys. The promoters, collectively, maintain 13.12 per cent stake within the firm with Murthy’s household holding lower than three per cent.

Responding to the allegations, Sunak, in an interview to a media channel, has clarified that he has nothing to do with Infosys.

Infosy’s clarification

In the meantime, Infosys has issued a press release saying that it has a small staff of staff primarily based out of Russia that providers a few of the firm’s world purchasers domestically.

The corporate within the assertion additionally clarified that it doesn’t have any energetic enterprise relationships with native Russian enterprises.

Infosys additionally has dedicated a million US {dollars} to offer reduction efforts for the victims of conflict in Ukraine.

The UK authorities, like its Western counterparts, have advocated sanctions in opposition to Russia and referred to as for corporations to ‘suppose over fastidiously’ about any investments in Russia.

Revealed on


March 25, 2022