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Describing Murthy as an "incredible man", Sikka said the

two usually discussed topics like quantum physics and technology whenever they met.

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two usually discussed topics like quantum physics and technology whenever they met.

"The other day he was telling me about the Paris Metro and how he worked on the Paris Metro in the 1970s before he started Infosys, and it had this whole ideas about automation and autonomous driving and all," he reminisced at Kotak's Chasing Growth Conference in Mumbai.

Sikka is scheduled to meet media representatives this evening along with some Board members.

Infosys, on its part, has denied any governance lapses and said it has made "full disclosures" on all developments.

Another issue that some of the former senior executives have raised is the company's huge cash pile of USD 5.25 billion.

Asked about his views on the matter, Sikka said his "official" answer is that the Board, from time to time, will consider capital allocation policies and when there is something to report, the company will do so.

"The unofficial answer is, you look at the circumstances over the next 4-5 years, what you need the capital for and then decide. In our case, it is the strategic growth initiatives, capital for building infrastructure and then acquisitions," he said.

Based on how that mix changes over the next five years, one would take a decision on how the cash is utilised, he added.

 

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

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