Narayana Murthy gifts 4-month-old grandson Infosys shares worth Rs. 240cr
Shortpedia
Content Team
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Narayana Murthy, founder of Infosys, has gifted the company's shares worth over Rs. 240 crore to his four-month-old grandson, Ekagrah Rohan Murty. As a result of this transaction, Narayana's personal shareholding in the IT giant has reduced from 0.40% to 0.36%. An exchange filing disclosed the transaction and confirmed that Ekagrah now owns a 0.04% stake in Infosys, India's second-largest IT services firm. This substantial gift potentially positions infant Ekagrah as the youngest millionaire in India.
