Business
Millionaire grandchildren! Not just Narayana Murthy’s grandson, these Infosys co-founders’ grandkids also hold stake in company
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Millionaire grandchildren of Infosys founders! NR Narayana Murthy, aged 77, made headlines by gifting 15 lakh shares of Infosys, constituting a 0.04% stake in the company, to his four-month-old grandson. Ekagrah is the third grandchild of Narayana Murthy and his wife, author-philanthropist Sudha Murty. Ekagrah was born to Rohan Murty and Aparna Krishnan in November last year.
The 0.04% stake is valued at over Rs 240 crore, making Ekagrah Rohan Murty one of the youngest millionaires in India.He is the youngest in the Infosys promoter group. Following this transaction, which was revealed in an exchange filing, Narayana Murthy’s stake in Infosys has come down to 0.36%.
The stock exchange filing specified the transfer of shares “from Narayana Murthy-promoter to master Ekagrah Rohan Murty-promoter group.”
Narayana Murthy’s daughter Akshata Murty, also the First Lady of the UK, has two daughters, Krishna and Anoushka. Within the Murthy family, Akshata holds a 1.05% stake in Infosys, while her brother Rohan has a 1.64% stake, and their mother, Sudha Murty, owns a 0.93% stake.
But did you know that Murthy is not the only founder whose grandchildren own Infosys shares? This trend of giving shares to their grandchildren is not new with some now becoming part of the promoters group due to these gifts.
Two years ago, Nandan Nilekani‘s promoter group added a new member, his grandson Tanush Nilekani Chandra, who acquired 7.7 lakh shares transferred by Nilekani’s daughter Janhavi. Initially valued at Rs 106 crore, these shares are now valued at Rs 124 crore as of Monday’s closing. Tanush presently holds 33.5 lakh shares in Infosys, with an approximate value of Rs 530 crore, constituting a 0.09% stake in the company.
Similarly, Infosys co-founder S D Shibulal and his daughter Shruti Shibulal have previously transferred shares worth Rs 2,327 crore to Shibulal’s grandson Milan Shibulal Manchanda and other family members. Milan currently owns over 69 lakh shares, valued at more than Rs 1,100 crore, which is a 0.19% stake in Infosys.
Shruti’s daughter, Nikita Shibulal Manchanda, also has over 69 lakh shares, representing another 0.19% stake in Infosys.
As of now, the company’s promoters and promoter groups maintain a total stake of 14.78% in Infosys. Established in 1981, Infosys embarked on its journey with an initial investment of Rs 10,000 from Murthy’s wife, Sudha Murty, who recently assumed office as a Rajya Sabha member.
The 0.04% stake is valued at over Rs 240 crore, making Ekagrah Rohan Murty one of the youngest millionaires in India.He is the youngest in the Infosys promoter group. Following this transaction, which was revealed in an exchange filing, Narayana Murthy’s stake in Infosys has come down to 0.36%.
The stock exchange filing specified the transfer of shares “from Narayana Murthy-promoter to master Ekagrah Rohan Murty-promoter group.”
Narayana Murthy’s daughter Akshata Murty, also the First Lady of the UK, has two daughters, Krishna and Anoushka. Within the Murthy family, Akshata holds a 1.05% stake in Infosys, while her brother Rohan has a 1.64% stake, and their mother, Sudha Murty, owns a 0.93% stake.
But did you know that Murthy is not the only founder whose grandchildren own Infosys shares? This trend of giving shares to their grandchildren is not new with some now becoming part of the promoters group due to these gifts.
Two years ago, Nandan Nilekani‘s promoter group added a new member, his grandson Tanush Nilekani Chandra, who acquired 7.7 lakh shares transferred by Nilekani’s daughter Janhavi. Initially valued at Rs 106 crore, these shares are now valued at Rs 124 crore as of Monday’s closing. Tanush presently holds 33.5 lakh shares in Infosys, with an approximate value of Rs 530 crore, constituting a 0.09% stake in the company.
Similarly, Infosys co-founder S D Shibulal and his daughter Shruti Shibulal have previously transferred shares worth Rs 2,327 crore to Shibulal’s grandson Milan Shibulal Manchanda and other family members. Milan currently owns over 69 lakh shares, valued at more than Rs 1,100 crore, which is a 0.19% stake in Infosys.
Shruti’s daughter, Nikita Shibulal Manchanda, also has over 69 lakh shares, representing another 0.19% stake in Infosys.
As of now, the company’s promoters and promoter groups maintain a total stake of 14.78% in Infosys. Established in 1981, Infosys embarked on its journey with an initial investment of Rs 10,000 from Murthy’s wife, Sudha Murty, who recently assumed office as a Rajya Sabha member.
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