Bangalore: Sudha Murthy, the wife of Infosys Technologies Co-founder
N.R. Narayana Murthy, has sold two million shares of her holding in the
IT bellwether for over Rs.430 crore (Rs.4.3 billion/$91.5 million),
Infosys informed.
In 1981, Sudha sold her jewelery to give her husband Rs.10,000 in seed
money to start Infosys. This time the reason is again to fund her
husband's latest venture, a venture fund called Catamaran
In a regulatory filing to
the stock exchanges, the Infosys 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 CEO S. Gopalakrishnan
purchased 400,000 shares for around Rs.86.6 crore (Rs.866 million/$18.4
million) from the market.
"Post-purchase, Gopalakrishnan 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 on October 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.
