Cognizant Technology shares trade at 23-month low, on US investigation
Cognizant said, “The company is conducting an internal investigation into whether certain payments relating to facilities in India were made improperly and in possible violation of the US Foreign Corrupt Practices Act and other applicable laws,” said a statement issued to the US stock exchange.”
Shares of Cognizant Technology, was trading at 23-month low at $ 47.22 down by 14.55%. Photo: Wikipedia