Infosys shares fall as founders said to sell shares

MUMBAI (Reuters) - Shares in Infosys Ltd fell on Monday following reports that some of its founders were selling shares in the software services exporter worth $1.1 billion.

Infosys was down 4.4 percent to 1,980 rupees as of 12:48 a.m.

Four of the founders of Infosys are offering 32.6 million shares in Infosys at a fixed price of 1,988 rupees each, a 4 percent discount to Friday's close, IFR, a Thomson Reuters publication said.

(Reporting by Indulal PM; Editing by Rafael Nam)