Infosys founders sell stake worth Rs 862 crore

The sale was executed at an average price of Rs 1,149.45. Infosys shares closed 2.76 per cent down at Rs 1145.95 on the BSE on Thursday.

Infosys co-founders Gopalakrishnan and S D Shibulal and some of the latter’s family members on Thursday sold 75 lakh equity shares in the company for around Rs 862 crore on exchanges.

The sale was executed at an average price of Rs 1,149.45. Infosys shares closed 2.76 per cent down at Rs 1145.95 on the BSE on Thursday.

[related-post]

The sale has been done to partially monetize their stake … for personal reasons including for the betterment of the society through various philanthropic activities, the statement said.

Even after this sale, the founder group will continue to have a substantial shareholding in the company, it said. ENS

Tags:
Infosys

Rajnath Singh warned Pakistan that every inch of its land is within BrahMos’ range as India rolled out its first missiles from Lucknow.

Every inch of Pakistan’s territory now within BrahMos reach: Rajnath Singh

Cities1 hr ago

Rajnath Singh warns Pakistan about the reach of the BrahMos missile, praises ‘Operation Sindoor’ and the missile’s technological superiority. He and CM Yogi Adityanath flag off the first batch of BrahMos missiles made in Lucknow, emphasizing their economic impact and thanking Adityanath for his support.

View all shorts

Live Blog

PHOTOS