Infosys co-founder S D Shibulal on Wednesday purchased shares worth Rs 100 crore of the IT major through an open market transaction. Shibulal bought over 7.58 lakh shares at an average price of Rs 1,317.95 a piece, taking the total value of the transaction to Rs 100 crore, according to the latest block deal data on BSE.
- Xi Jinping Says China ‘Not Afraid’ as US-China Trade War Escalates
- PM Modi Launches 44 Projects Worth Rs 3,880 Crore in Varanasi on 50th Visit
- India’s Industrial Growth Slows to 2.9% in February on Weak Manufacturing
- Google Lays Off Hundreds in Android & Pixel Teams: Report
- What is Hero or Zero Options Trading: Strategy & Risk in Hero or Zero Trade
With the deal, Shibulal’s shareholding in the company has increased to a 0.07 per cent, a regulatory filing by Infosys said. At the end of the March quarter, Shibulal held a 0.05 per cent stake in the company. As per a separate filing, Shibulal’s wife, Kumari, sold over 7.58 lakh shares on Wednesday at the same price of Rs 1,317.95 apiece. Post the transaction, her shareholding has come down to 0.19 per cent from 0.21 per cent. On Wednesday, shares of Infosys closed flat at Rs 1,326.95 apiece on BSE.
