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Millionaire grandchildren of Infosys founders! NR Narayana Murthy, aged 77, made headlines by gifting 15 lakh shares of Infosys, constituting a 0.04% stake within the firm, to his four-month-old grandson. Ekagrah is the third grandchild of Narayana Murthy and his spouse, author-philanthropist Sudha Murty. Ekagrah was born to Rohan Murty and Aparna Krishnan in November final yr.
The 0.04% stake is valued at over Rs 240 crore, making Ekagrah Rohan Murty one of many youngest millionaires in India.He’s the youngest within the Infosys promoter group. Following this transaction, which was revealed in an change submitting, Narayana Murthy’s stake in Infosys has come right down to 0.36%.
The inventory change submitting specified the switch of shares “from Narayana Murthy-promoter to grasp Ekagrah Rohan Murty-promoter group.”
Narayana Murthy’s daughter Akshata Murty, additionally the First Girl of the UK, has two daughters, Krishna and Anoushka. Inside the Murthy household, Akshata holds a 1.05% stake in Infosys, whereas her brother Rohan has a 1.64% stake, and their mom, Sudha Murty, owns a 0.93% stake.
However do you know that Murthy isn’t the one founder whose grandchildren personal Infosys shares? This development of giving shares to their grandchildren isn’t new with some now turning into a part of the promoters group resulting from these items.
Two years in the past, Nandan Nilekani‘s promoter group added a brand new member, his grandson Tanush Nilekani Chandra, who acquired 7.7 lakh shares transferred by Nilekani’s daughter Janhavi. Initially valued at Rs 106 crore, these shares at the moment are valued at Rs 124 crore as of Monday’s closing. Tanush presently holds 33.5 lakh shares in Infosys, with an approximate worth of Rs 530 crore, constituting a 0.09% stake within the firm.
Equally, Infosys co-founder S D Shibulal and his daughter Shruti Shibulal have beforehand transferred shares price Rs 2,327 crore to Shibulal’s grandson Milan Shibulal Manchanda and different members of the family. Milan presently owns over 69 lakh shares, valued at greater than Rs 1,100 crore, which is a 0.19% stake in Infosys.
Shruti’s daughter, Nikita Shibulal Manchanda, additionally has over 69 lakh shares, representing one other 0.19% stake in Infosys.
As of now, the corporate’s promoters and promoter teams preserve a complete stake of 14.78% in Infosys. Established in 1981, Infosys launched into its journey with an preliminary funding of Rs 10,000 from Murthy’s spouse, Sudha Murty, who lately assumed workplace as a Rajya Sabha member.
The 0.04% stake is valued at over Rs 240 crore, making Ekagrah Rohan Murty one of many youngest millionaires in India.He’s the youngest within the Infosys promoter group. Following this transaction, which was revealed in an change submitting, Narayana Murthy’s stake in Infosys has come right down to 0.36%.
The inventory change submitting specified the switch of shares “from Narayana Murthy-promoter to grasp Ekagrah Rohan Murty-promoter group.”
Narayana Murthy’s daughter Akshata Murty, additionally the First Girl of the UK, has two daughters, Krishna and Anoushka. Inside the Murthy household, Akshata holds a 1.05% stake in Infosys, whereas her brother Rohan has a 1.64% stake, and their mom, Sudha Murty, owns a 0.93% stake.
However do you know that Murthy isn’t the one founder whose grandchildren personal Infosys shares? This development of giving shares to their grandchildren isn’t new with some now turning into a part of the promoters group resulting from these items.
Two years in the past, Nandan Nilekani‘s promoter group added a brand new member, his grandson Tanush Nilekani Chandra, who acquired 7.7 lakh shares transferred by Nilekani’s daughter Janhavi. Initially valued at Rs 106 crore, these shares at the moment are valued at Rs 124 crore as of Monday’s closing. Tanush presently holds 33.5 lakh shares in Infosys, with an approximate worth of Rs 530 crore, constituting a 0.09% stake within the firm.
Equally, Infosys co-founder S D Shibulal and his daughter Shruti Shibulal have beforehand transferred shares price Rs 2,327 crore to Shibulal’s grandson Milan Shibulal Manchanda and different members of the family. Milan presently owns over 69 lakh shares, valued at greater than Rs 1,100 crore, which is a 0.19% stake in Infosys.
Shruti’s daughter, Nikita Shibulal Manchanda, additionally has over 69 lakh shares, representing one other 0.19% stake in Infosys.
As of now, the corporate’s promoters and promoter teams preserve a complete stake of 14.78% in Infosys. Established in 1981, Infosys launched into its journey with an preliminary funding of Rs 10,000 from Murthy’s spouse, Sudha Murty, who lately assumed workplace as a Rajya Sabha member.
