Disagreements between founders and the board centered around a rise in Sikka's pay, the acquisition of Israeli automation firm Panaya for $200 million and a severance package offered to a former finance chief. Indian media reports on Nilekani's likely return had already boosted investor confidence and pushed the stock higher over its last two trading sessions. Shriram Subramanian of shareholder advocacy group InGovern said Nilekani-led Infosys urgently needed to formally address corporate governance concerns raised by the founders.