Nandan's return to Infosys will steady the ship: V Balakrishnan

The battle between the Infosys board and the founders that exacerbated post the resignation of Vishal Sikka last Friday continues to remain the top focus this Wednesday and over the last twelve hours, there have been three crucial developments.

First, late last night, CNBC-TV18 broke the news that several leading institutional investors have written to the board asking for Nandan Nilekani to be appointed as a director.

The second big development - Infosys Co-Founder NR Narayana Murthy was supposed to address investors today for the first time post Vishal Sikka's resignation from the post of Managing Director and CEO. Both the Infosys board and Sikka cited Murthy's constant bickering and personal attacks as the reason behind that decision. But earlier today, Murthy rescheduled the conference to August 29th, citing health reasons.

And CNBC-TV18 learns from sources that Nandan Nilekani may be brought back to head Infosys at least for now.