Infosys slumps after founders pare stake

Infosys fell 5.10% to Rs 1,964.20 at 13:58 IST on BSE after the company's founders and their family members pared their stakes in the company through block deals in the open market today, 8 December 2014.

Meanwhile, the BSE Sensex was down 249.83 points, or 0.88%, to 28,208.27.

On BSE, so far 18.14 lakh shares were traded in the counter, compared with an average volume of 87,217 shares in the past one quarter.

The stock hit a high of Rs 2,017 and a low of Rs 1,958.50 so far during the day. The stock hit a record high of Rs 2,200.50 on 1 December 2014. The stock hit a 52-week low of Rs 1,447 on 30 May 2014.

The stock had underperformed the market over the past one month till 5 December 2014, rising 0.32% compared with 1.94% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 10.97% as against Sensex's 5.30% rise.

The large-cap company has an equity capital of Rs 574.24 crore. Face value per share is Rs 5.

As per the disclosures issued on BSE during trading hours today, 8 December 2014, Nandan Nilekani, who held 1.66 crore shares, or 1.453% stake in Infosys, sold 60 lakh shares, or 0.522% stake in the company. His holding in Infosys now stands at 1.06 crore shares, or 0.931% stake.

Rohini Nilekani, who held 1.50 crore shares, 1.306% stake in Infosys, sold 60 lakh shares in the company. Her holding in Infosys now stands at 90.02 lakh shares, or 0.784% stake.

Akshata Murty, who held 1.62 crore shares, or 1.412% stake in Infosys, sold 60 lakh in the company. Her holding in Infosys now stands at 1.02 crore shares, or 0.889% stake.

N R Narayana Murty, who held 47.59 lakh shares, or 0.414% stake in Infosys, sold 4 lakh shares, or 0.035% in the company. His holding in Infosys now stands at 43.59 lakh shares, or 0.38% stake.

Sudha Murty, who held 1.46 crore shares, or 1.274% stake in Infosys, sold 56 lakh, or 0.480% stake in the company. Her holding in Infosys now stands at 90.29 lakh shares, or 0.786% stake.

Kumari Shibulal, who held 54.22 lakh shares, or 0.47% stake in Infosys, sold 24 lakh shares in the company. Her holding in Infosys now stands at 30.22 lakh, or 0.263% stake.

Dinesh Krishnaswamy, who held 91.93 lakh shares, or 0.80% stake in Infosys, sold 7 lakh shares, or 0.061%, in the company. His holding in Infosys now stands at 84.93 lakh shares, or 0.74% stake.

Divya Dinesh, who held 27.50 lakh shares, or 0.239% stake in Infosys, sold 7.50 lakh shares, or 0.065% in the company. Her holding in Infosys now stands at 20 lakh lakh shares, or 0.174% stake.

Deeksha Dinesh, who held 27.50 lakh shares, 0.239% stake in Infosys, sold 7.50 lakh shares, or 0.065% stake in the company. Her holding in Infosys now stands at 20 lakh, or 0.174% stake.

Asha Dinesh, who held 1.40 crore shares, or 1.227% stake in Infosys, sold 40 lakh shares, or 0.348% stake in the company. Her holding in Infosys now stands at 1 crore shares, or 0.879% stake.

Most of these executives have left the company since current CEO Vishal Sikka took office in August 2014. The founders and their families held a combined 9.14 crore shares, or 7.96% stake of Infosys' outstanding shares (as on 30 September 2014).

Earlier this month, Infosys issued one bonus share for each share held in the company.

Infosys' consolidated net profit as per International Financial Reporting Standards (IFRS) rose 7.28% to Rs 3096 crore on 4.48% rise in revenue to Rs 13342 crore in Q2 September 2014 over Q1 June 2014.

Infosys is a global leader in consulting, technology and outsourcing solutions.

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