 "Infosys extends fall post founders stake sale")
Shares of Infosys were down by 2% at Rs 1,924, extending its past three day’s fall on NSE, after its founders sold 32.6 million shares of the company for an overall amount of Rs 6,484 crore via open market on Monday. The stock touched a low of Rs 1,921 so far.
In past four trading sessions, the stock declined 7% from Rs 2,070 on December 5, as compared to 2.8% decline in the benchmark CNX Nifty.
On December 8, N R Narayana Murthy, along with his family members, sold 12 million shares in Infosys, Nilekani and his family also sold 12 million shares. While Dinesh and his family sold 6.2 million shares, Shibulal’s wife, Kumari Shibulal, sold 2.4 million.
DB International Asia had bought 15.56 million shares of Infosys at price of Rs 1,987.85 per share on NSE, the bulk deal data shows. The name of the other buyers not identified.
In past four trading sessions, the stock declined 7% from Rs 2,070 on December 5, as compared to 2.8% decline in the benchmark CNX Nifty.
On December 8, N R Narayana Murthy, along with his family members, sold 12 million shares in Infosys, Nilekani and his family also sold 12 million shares. While Dinesh and his family sold 6.2 million shares, Shibulal’s wife, Kumari Shibulal, sold 2.4 million.
DB International Asia had bought 15.56 million shares of Infosys at price of Rs 1,987.85 per share on NSE, the bulk deal data shows. The name of the other buyers not identified.
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