Infy brass take home Rs 862 cr via ADS

Eight directors of Infosys Technologies have pocketed Rs 862 crore by offering 3.60 million shares as part of the company's third sponsored American depositary shares issue.

Narayana Murthy, co-founder and executive chairman, garnered Rs 108 crore by selling 4.50 lakh shares.

Nandan M Nilekani (CEO and managing director) got Rs 283 crore by offering 11.81 lakh shares from his holding of 95.27 lakh shares. S Gopalkrishnan (COO, president and joint managing director) took home Rs 212 crore by selling 8.86 lakh shares from his holding of 71.43 lakh shares.

K Dinesh (Director) raked in Rs 156 crore by selling of Rs 6.51 lakh shares, S D Shibulal (Director) received Rs 84 crore on sale of 3.49 lakh shares, Srinath Batni (Director) got Rs 6 crore on sale of 25,000 shares, T V Mohandas Pai (Director) sold 54,757 shares worth Rs 13 crore and V Balakrishnan (CFO) received Rs 44 lakh for his offering of 1,854 shares.

The ADS represents 30 million equity shares and was priced at $53.50 per share. The aggregate size exceeds $1.6 billion.