Infosys co-founder Shibulal receives over 4 lakh company shares as ‘gift’

Infosys co-founder S D Shibulal has received little over four lakh shares of the company as a gift, taking the total number of shares owned by him to more than 21.6 lakh shares, according to a regulatory filing.
Infosys, on Friday, informed the stock exchanges that “4,01,000 equity shares (representing 0.01 per cent) of Infosys Ltd NSE 0.82 % 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 4.01 lakh shares on the same day but the name of the recepient was not disclosed.