Narayana Murthy gifts Infosys stock worth over ₹240 crore to grandson
Updated: Mar 18th, 2024
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| Source: IANS |
India has probably seen its youngest millionaire in Ekagrah Rohan Murty - the four-month-old grandson of Infosys founder NR Narayana Murthy.
According to a regulatory filing, Narayana Murthy has gifted shares worth more than ₹240 crore to his grandson.
Ekagrah Murty received 15 lakh shares, or 0.04% stake, in Infosys.
The 77-year-old Infosys founder gifted shares to his grandson in an off-market transaction. With this, Narayana Murthy’s holding in the IT bellwether fell to 0.36%, or more than 1.51 crore shares.
At the price of ₹1,620 per share today, Ekagrah Murty received a whopping ₹243 crore. Narayana Murthy and his wife and now Rajya Sabha MP Sudha Murty became grandparents in November last year after their son Rohan Murty and wife Aparna Krishnan welcomed a baby boy.
Engineer-turned-philanthropist and author Sudha Murty took oath as Rajya Sabha MP last week in the presence of her husband.
(Source: IANS)
-Edited for style
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