Shares of IT services company Coforge rallied 2% to Rs 1,800 on the BSE on Tuesday after appointing former Bharti Enterprises vice-chairman Akhil Kumar Gupta as its chairperson and non-executive independent director for a five-year term, effective Tuesday. The appointment comes as the company looks to move past a period of boardroom turmoil.
Gupta's appointment follows former chairman and veteran banker O P Bhatt's abrupt resignation on September 9. An internal audit had found that Bhatt withheld a board evaluation report that gave his own performance the lowest rating.
