Infosys to complete restructuring in 3-4 months: Sources

Infosys is likely to have finalised two European firms for acquisition, reports CNBC-TV18's Kritika Saxena quoting sources. It is learnt that the IT major will be pumping in USD 280-300 for the acquisition which is slated to be completed before July.

Sources add that that Infosys has appointed three member panel with Director-HR of the company Mohandas Pai at the helm. The panel will chart out restructuring blueprint. However, Infosys may go for restructuring only after the succession plans are announced. According to sources, Infosys is looking to restructure business into seven key verticals, wherein each vertical will be divided into different horizontals. Sources also say that three to four key vertical heads likely to be shuffled and upto 1000 senior-mid management employees may be restructured. Infosys is eyeing to complete restructuring in three-four months time. However, Infosys has refused to comment calling it speculation.  Also watch the accompanying video.