The India Times Online
Buisness

NR Narayana Murthy gives his grandson shares in Infy valued at Rs 240 crore

<p>Ekagrah Rohan Murty, the grandson of Infosys founder NR Narayana Murthy, is four months old. He received 15 lakh shares, or 0.04% equity, in the IT giant, valued at about Rs 240 crore.</p>
<p><img decoding=”async” class=”alignnone wp-image-528956″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-nr-narayana-murthy-gives-his-grandson-shares-in-infy-valued-at-rs-240-crore-tnie-i-750×436.jpg” alt=”theindiaprint.com nr narayana murthy gives his grandson shares in infy valued at rs 240 crore tnie i” width=”1076″ height=”626″ title=”NR Narayana Murthy gives his grandson shares in Infy valued at Rs 240 crore 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-nr-narayana-murthy-gives-his-grandson-shares-in-infy-valued-at-rs-240-crore-tnie-i-750×436.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-nr-narayana-murthy-gives-his-grandson-shares-in-infy-valued-at-rs-240-crore-tnie-i-1024×595.jpg 1024w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-nr-narayana-murthy-gives-his-grandson-shares-in-infy-valued-at-rs-240-crore-tnie-i-768×446.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-nr-narayana-murthy-gives-his-grandson-shares-in-infy-valued-at-rs-240-crore-tnie-i.jpg 1200w” sizes=”(max-width: 1076px) 100vw, 1076px” /></p>
<p>Regulating documents state that on March 15, Murthy donated these shares in an off-market deal. Murthy’s stake in Infosys dropped from 0.40% to 0.36% as a result. On the BSE, Infosys shares ended the day at Rs 1,602.30 a share on Monday.</p>
<p>The third grandchild of Sudha and Narayana Murthy is Ekagrah. The daughters of UK PM Rishi Sunak and Akshata Murty, Krishna and Anoushka, are their other two grandkids.</p>
<p>In November of last year, Rohan Murty and his spouse Aparna Krishnan made an announcement on the birth of their son.</p>
<p>Recently sworn in as a member of the Rajya Sabha, Sudha Murty has a 0.83% stake in Infosys, valued at over Rs 5,600 crore. As of December 31, 2023, she had around 3.45 crore shares.</p>
<p>In the IT firm, Rohan Murty owns 1.47% of the shares, while their daughter owns 0.94%. When Murthy launched the business in 1981, Sudha Murty handed her husband 10,000 rupees as starting money. It started with $250 and has now grown to be a $18.55 billion enterprise. There were 3,43,234 employees working for the corporation at the end of FY23.</p>
<p>According to Brand Finance, Infosys was named one of the top three IT services brands in the world in January and the brand with the fastest five-year growth. With its brand worth having more than quadrupled over the previous five years, Infosys is expected to be valued over $14 billion in 2024, placing it in the top 145 most valuable brands worldwide.</p>

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