Bengaluru, Feb. 6 -- Big deals at information technology (IT) services companies guarantee big money annually. More so, if the deal value is over $1 billion. And when announced, they could lead to a bump up in stock prices.
Infosys, for instance, bagged a 10-year deal valued at $1.89 billion from Vanguard, an American investment company, on 14 July 2020. Before the deal was announced, the shares of India's second largest IT exporter were trading at Rs.792.95 a piece. Prices rose nearly 5% to Rs.830.95 after market hours on 15 July.
So, what happens when employees, 'insiders' in a company, pass on such big ticket deal information to friends and family before they are made public?
This is the story of two friends working in two rival IT ...
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