Business Standard

SD Shibulal's family sells 8.5 million Infosys shares worth over Rs 777 cr

The sale was executed by Citigroup Global Markets India Private Limited as the sole broker

S D Shibulal
Premium

S D Shibulal

Press Trust of India New Delhi
Family members of Infosys co-founder SD Shibulal have sold 8.5 million shares of the company worth Rs 777 crore, according to regulatory documents.

A separate statement issued by Shibulal's family office said the proceeds will be utilised for philanthropic and investment activities.

Shibulal's son Shreyas sold 4 million shares, "representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020", as per exchange filing.

He previously held 0.66 per cent shares in Infosys and post the transaction, his holding has come down to 0.56 per cent, it added.

The transaction,

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in