Narayana Murthy gifts Infosys shares worth Rs 240 crore to 4-month-old grandson

With this gift, Naryana Murthy's holding in Infosys has dropped from 0.4 percent to 0.36 percent.

File photo of Narayana Murthy. (Express photo)

Infosys founder Narayana Murthy gifted shares worth Rs 240 crore to his four-month-old grandson Ekagrah Rohan Murty, as per a BSE filing.

Now among the youngest millionaires in India, Ekagrah — the son of Narayana and Sudha Murthy’s son Rohan Murty and wife Aparna Krishnan, owns 15,00,000 shares of Infosys, amounting to a 0.04 per cent stake in India’s second biggest tech services company. As per the filing, the transaction was conducted “off-market” on March 15.

The gift now takes 77-year-old Narayana Murthy’s holding in Infosys from 0.4 percent to 0.36 percent, with a total of 1.51 crore shares in his hand. Narayana and Sudha Murthy are also grandparents to the two daughters of their daughter Akshata Murthy and her husband and UK Prime Minister Rishi Sunak.

Story continues below this ad

Narayana Murthy became the centre of a storm when he had urged the youth to work 70 hours a week in a podcast last year. He said the educated youth owe it to the less fortunate to work hard.

Sudha Murthy, who also holds stake in Infosys, was recently sworn in as a Rajya Sabha MP.

Stay updated with the latest - Click here to follow us on Instagram