Infosys co-founder Shibulal buys company shares worth Rs 100 crore.

infosys co founder shibulal

infosys co founder shibulal

The co-founder of Infosys, Shibulal, has purchased shares worth Rs 100 crore from the IT major through an open market transaction. Shibulal has bought 7.45 lakh shares with an average price of Rs 1,342.05 per share, which values the transaction of Rs 100 crore, according to the BSE block deal data.

At the end of the quarter of MARCH 2021, a stake of 0.05% was held by Shibulal in the company. The wife of Shibulal, Kumari have also sold the shares of Rs 7.45 lakh on Monday at the same price of Rs 1,342.05 per piece. According to the data of shareholders of the quarter of March 202, Kumari has also promoted a stake of 0.21% in the firm. Before this, S D Shibulal had also purchased the script of the movie, having worth Rs 100 crore on 12 May and on 19 May for Rs 100 crore through an open market deal.




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