The whistleblower is reported to have mailed the letter to the Indian market regulator Securities Exchange of India (Sebi) in Mumbai.
Ramakrishnan was responsible for the financial controllership of TCS subsidiaries and branches globally and various merger & acquisitions integration initiatives.
The Mumbai-headquartered IT services company said it would buyback 5,61,40,351 Equity Shares, nearly 3% of the equity share capital, at a price of Rs 2,850.
The move comes less than two weeks after rival Cognizant said it would return $3.4 billion to shareholders — in dividends and increased buybacks.
Chandra, an avid marathoner, who was announced as chairman-designate of Tata Sons, said he’s been keeping up with his running despite a hectic schedule.
While Sikka has board’s full backing — acknowledging he is rebuilding Infosys —co’s senior leaders in India are still used to disclosing tiniest lapses.
Tata Sons chairman-designate N Chandrasekaran and TCS CEO designate Rajesh Gopinathan gave ET a last interview before moving into new roles.
"We are going to accelerate the number of acquisitions we make, but it isn't as though we have set up a number that we have to meet," Malcolm Frank, chief strategy officer of Cognizant, said.
"The Board of Directors will consider a proposal for buyback of equity shares of the Company at its meeting to be held on February 20, 2017," the company said in filing to the BSE.
"It's possible that more people will come in tomorrow. There are more sessions so it may improve," an executive attending the event said.
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