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Shibulal, his daughter gift Infosys shares worth Rs 23.27 billion

As per BSE filing, Shibulal gifted 7.9 million shares and his daughter Shruti gifted 12.3 million shares

Press Trust of India  |  New Delhi 

S D Shibulal, Axilor Ventures
S D Shibulal

S D Shibulal along with daughter today gifted their shares worth over Rs 23.27 billion in the company to family members.

"Today, Shruti and I have transferred part of our holdings to my son-in-law, Gaurav Manchanda, and grandson, We have informed of these transfers. The transfers have been made within family members to provide equity for the next generation," Shibulal said in a statement.

As per BSE filing, Shibulal gifted 7.9 million shares and his daughter Shruti gifted 12.3 million shares.

The estimated valuation of these shares as per today's closing price of Rs 1,148.7 a unit comes to Rs 2,327.82 crore.

First Published: Wed, February 21 2018. 23:18 IST
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