Infosys co-founders Gopalakrishnan and Shibulal sell their shares worth Rs 862 Crores
Infosys co-founders S Gopalakrishnan and S D Shibulal, and some of Shibulal's family members today sold 7.5 million equity shares of the company for Rs 862 Crores on exchanges.
The sale was executed by Citigroup Global Markets India Private Limited as the sole broker for the sale of shares. The sale of shares was executed at an average price of Rs 1,149.45 across all sellers, they said in a joint statement here.
The sale has been done to partially monetize their stake, having nurtured the company for more than three decades, for personal reasons including for the betterment of the society through various philanthropic activities, the statement said.
According to the statement, Gopalakrishnan sold 5,000,000 shares and Shibulal and his family 2,500,000 shares.
Image credit: Indiatimes
Next Story
Recommended Read
India’s best minds from IIM Ahmedabad, XLRI are heading to consulting firms- A top public sector bank told employees to restrict the circulation of ₹2,000 notes
- Kejriwal's spectacular win has five lessons for Rajinikanth, Mamata Banerjee, MK Stalin, and Lalu Yadav
- Watch Paytm founder Vijay Shekhar Sharma explain how his startup will turn a profit in the next two years after 10 years of losses
- WHO calls the coronavirus carnage in China the 'tip of the iceberg'
- The inside story of how Escorts turned around to become a nearly ₹10,000-crore company
- At ₹1 for 1GB, this Bengaluru startup is challenging Mukesh Ambani’s Jio at his data price game
- Fighting Wuhan Coronavirus: Pictures show how China built a 1000-bed hospital in 10 days
SIGN IN WITH
FacebookGoogleEmail