<p>Shares of Infosys today slumped over 13 per cent, eroding Rs 24,839 crore from its market valuation, after Vishal Sikka, the first non-founder CEO of the company, resigned.<br /><br />The IT major's scrip plummeted 13.39 per cent to Rs 884.40 - its 52-week low level - on BSE.<br />At NSE, the stock crashed 13.38 per cent to hit its one- year low of Rs 884.20.<br /><br />The stock was the worst performer among the bluechips on both the key indices.<br /><br />The sharp plunge in the stock wiped out Rs 24,838.92 crore from its market valuation during the late afternoon trade.<br /><br />Sikka resigned amid heightened acrimony between the board and the high-profile founders led by NR Narayana Murthy, saying he faced "false, baseless, malicious and increasingly personal attacks".<br /><br />Pravin Rao, currently the chief operating officer, will be the interim CEO, India's second largest software services exporter said in a statement.<br /><br />Sikka, 50, a former German IT major SAP executive who was roped in as CEO and MD of USD 10 billion revenue company three years back, has been appointed as the executive vice-chairman until a new MD and CEO is hired.</p>
<p>Shares of Infosys today slumped over 13 per cent, eroding Rs 24,839 crore from its market valuation, after Vishal Sikka, the first non-founder CEO of the company, resigned.<br /><br />The IT major's scrip plummeted 13.39 per cent to Rs 884.40 - its 52-week low level - on BSE.<br />At NSE, the stock crashed 13.38 per cent to hit its one- year low of Rs 884.20.<br /><br />The stock was the worst performer among the bluechips on both the key indices.<br /><br />The sharp plunge in the stock wiped out Rs 24,838.92 crore from its market valuation during the late afternoon trade.<br /><br />Sikka resigned amid heightened acrimony between the board and the high-profile founders led by NR Narayana Murthy, saying he faced "false, baseless, malicious and increasingly personal attacks".<br /><br />Pravin Rao, currently the chief operating officer, will be the interim CEO, India's second largest software services exporter said in a statement.<br /><br />Sikka, 50, a former German IT major SAP executive who was roped in as CEO and MD of USD 10 billion revenue company three years back, has been appointed as the executive vice-chairman until a new MD and CEO is hired.</p>