 "Infosys co-founder S D Shibulal gets over 400,000 shares as gift")
Infosys co-founder S D Shibulal has received little over 400,000 shares of the company as a gift, taking the total number of shares owned by him to more than 2,160,000 shares, according to a regulatory filing.
Infosys, on Friday, informed the stock exchanges that “401,000 equity shares (representing 0.01 per cent) of Infosys by way of gift as off market transaction on November 12, 2020” were given to Shibulal.
The filing did not mention who gifted these shares. A separate regulatory filing stated that Shibulal's wife Kumari had gifted 401,000 shares on the same day but the name of the recipient was not disclosed.
Kumari's shareholding in Infosys has now come down to 0.21 per cent, while that of Shibulal increased to 0.05 per cent, according to the filings.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%