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Infosys co-founder S D Shibulal gets over 400,000 shares as gift

Infosys co-founder S D Shibulal gets over 400,000 shares as gift

Infosys  | S D Shibulal

Press Trust of India 

“We decided to work in the education sector because whatever we have got, it’s because of education. Besides, education is the biggest equaliser. It creates social wealth and mobility, apart from transforming generations” SD Shibulal, former CEO and
Infosys co-founder S D Shibulal

co-founder 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 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 has now come down to 0.21 per cent, while that of Shibulal increased to 0.05 per cent, according to the filings.

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First Published: Fri, November 13 2020. 23:48 IST