Live Markets »News & Advice»Market News»Market News Details
Market News Details
Back

Former CEO S D Shibulal's family sells 1.6 million equity shares of Infosys

Press Trust of India/Bengaluru 10 Aug 18 | 09:27 PM

Former Infosys CEO S D Shibulal

Co-founder and former CEO of IT major Infosys S D Shibulal on Friday announced that some of his family members have sold 1.6 million equity shares (representing 0.074 per cent of the paid-up equity share capital) of Infosys Ltd on the stock exchanges.

Related Stories

    No Related Stories Found
Widgets Magazine

The shares were sold during the period August 8, 2018 to August 10, 2018, a release from Shibulal's office said.

The sale was executed by Citigroup Global MarketsIndia Private Limited as the Sole Broker for the sale of shares.

The release said the partial monetization was done to raise proceeds for personal reasons, including for the betterment of the society through various philanthropic activities.

Even after this sale, the founder group would continueto have a substantial shareholding in the company, it added.

Shibulal was the last of seven co-founders to hold the CEO position at Infosys, from which he stepped down in July 2014.

Widgets Magazine

Sensex

Company Price Gain (%)
Bajaj Auto2,756.850.84
Wipro286.350.72
Coal India286.200.70
ITC315.250.69
Hero Motocorp3,326.000.63

Poll

Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine