INFOSYS shares for Rs.4.3 bn SOLD by Narayana Murthy wife !
Sudha Murthy, wife of Infosys’ Technologies co-founder N.R. Narayana Murthy, sold two million shares of her holding in the IT bellwether for over Rs.430 crore (Rs.4.3 billion/$91.5 million), the company said on Thursday.
In a regulatory filing to the stock exchanges, the global software major said post-sale, Sudha Murthy’s holding in the company had declined to 7,314,600 shares from 9,314,660 shares.
In a related development, Infosys’ co-founder and chief executive S. Gopalakrishnan purchased 400,000 shares for around Rs.86.6 crore (Rs.866 million/$18.4 million) from the market Thursday.
“Post-purchase, Gopalakrishnan’s holds 6,656,726 shares,” the company said.
The blue chip company’s share of Rs.5 on par ended at Rs.2,218 on the Bombay Stock Exchange (BSE) Thursday.
Infosys chief mentor Narayana Murthy sold 800,000 shares Oct 22 from his holding in the company for Rs.177 crore (Rs.1.77 billion/$37.9 million) to set up a venture capital fund in India.
As one of the co-founders of the global software major, Murthy’s holding in the company post-selling is 2.38 million shares.
TAGS: infosys shares technologies share rate tech prices bse price in india today history of markets shares market bse nse indian share markets live about of tips news terms equity terminology stock trading sensex nifty stocks infosys investment satyam in india investing wipro sharemarket price bonus information online learn guide basics infy training learning software ltd l&t issue tcs limited annual report financial investor intraday company ipo bseindia capital tradeover net ex today new technical analysis exchange prices & tata recommendations directors info securities and definition corporation investors companies dividend merger best free technologies education screener research the forum tutorial timing demat account day advice tip indices strategies hq
Sphere: Related ContentRelated Posts :
 |
 |
 |
 |
 |
Random Posts
|
|
|
![IMG_0155 [Desktop Resolution]](http://farm3.static.flickr.com/2582/3891488389_070423e2b6_s.jpg)
