Infosys co-founder Narayana Murthy gifted shares worth Rs 240 crore to his four-month-old grandson Ekagrah Rohan Murty. In an alternate submitting, it was revealed that Ekagrah acquired 1.5 lakh shares or 0.04 per cent stake in the corporate. The reward was handed in an off-the-market transaction on Friday.
Now, Murthy’s shares have dropped to 0.36 per cent from 0.40 per cent. Murthy grew to become a grandparent after son Rohan and his spouse Aparna Krishnan welcomed a child boy. Ekagrah is the third grandchild of the Murthy’s after their daughter Akshata Murty’s two daughters.
The child was named Ekagrah, a Sanskrit phrase which means unwavering focus and willpower. The household was reportedly impressed by Arjuna’s “ekagrah” in the Mahabharata.
Meanwhile, Sudha Murty holds a 0.83 per cent stake in IT bellwether Infosys which at present costs is worth shut to Rs 5,600 crore. According to the most recent shareholding filed by Infosys with the BSE, she holds 3.45 crore shares of the corporate.
At the final closing worth of Rs 1,616.95 on the BSE, Murty’s holding in Infosys is at present worth Rs 5,586.66 crore.
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