Business

Infosys co-founder S D Shibulal gets over 400,000 shares as gift

Infosys co-founder S D Shibulal has acquired little over 400,000 shares of the corporate as a gift, taking the overall variety of shares owned by him to greater than 2,160,000 shares, in line with a regulatory submitting.

Infosys, on Friday, knowledgeable the stock exchanges that “401,000 equity shares (representing 0.01 per cent) of Infosys by way of gift as off market transaction on November 12, 2020” got to Shibulal.

The submitting didn’t point out who gifted these shares. A separate regulatory submitting said that Shibulal’s spouse Kumari had gifted 401,000 shares on the identical day however the title of the recipient was not disclosed.

Kumari’s shareholding in Infosys has now come all the way down to 0.21 per cent, whereas that of Shibulal elevated to 0.05 per cent, in line with the filings.

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