SD Shibulal’s family sells 0.20% stake in Infosys for Rs 786 crore

NEW DELHI: The family members of Infosys co-founder SD Shibulal have sold a portion of their stake in the IT major over the last three sessions, representing 0.20 per cent of the paid-up equity share capital.

The proceeds from the partial stake monetisation will be utilised for a combination of philanthropic and investment activities, a release said.

The stake sale amounted to Rs 786 crore at Infosys’ Friday’s market capitalisation of Rs 3,92,962.68 crore.

Data showed SD Shibulal held 17,65,768 shares or 0.4 per cent stake in Infosys as of June 30. Kumari Shibulal, his wife, held another 0.25 per cent stake, son Shreyas Shibulal 0.66 per cent and daughter Shruti Shibulal owned 0.06 per cent stake at the end of June quarter.