Millionaire grandchildren! Not simply Narayana Murthy’s grandson, these Infosys co-founders’ grandkids additionally maintain stake in firm

Millionaire grandchildren of Infosys founders! NR Narayana Murthy, aged 77, made headlines by gifting 15 lakh shares of Infosys, constituting a 0.04% stake within the firm, to his four-month-old grandson. Ekagrah is the third grandchild of Narayana Murthy and his spouse, author-philanthropist Sudha Murty. Ekagrah was born to Rohan Murty and Aparna Krishnan in November final 12 months.The 0.04% stake is valued at over Rs 240 crore, making Ekagrah Rohan Murty one of many youngest millionaires in India.He’s the youngest within the Infosys promoter group. Following this transaction, which was revealed in an alternate submitting, Narayana Murthy’s stake in Infosys has come right down to 0.36%.The inventory alternate submitting specified the switch of shares “from Narayana Murthy-promoter to master Ekagrah Rohan Murty-promoter group.” Narayana Murthy‚Äôs daughter Akshata Murty, additionally the First Girl of the UK, has two daughters, Krishna and Anoushka. Throughout the Murthy household, Akshata holds a 1.05% stake in Infosys, whereas her brother Rohan has a 1.64% stake, and their mom, Sudha Murty, owns a 0.93% stake.However do you know that Murthy will not be the one founder whose grandchildren personal Infosys shares? This pattern of giving shares to their grandchildren will not be new with some now changing into a part of the promoters group as a result of these items.Two years in the past, Nandan Nilekani’s promoter group added a brand new member, his grandson Tanush Nilekani Chandra, who acquired 7.7 lakh shares transferred by Nilekani’s daughter Janhavi. Initially valued at Rs 106 crore, these shares are actually valued at Rs 124 crore as of Monday’s closing. Tanush presently holds 33.5 lakh shares in Infosys, with an approximate worth of Rs 530 crore, constituting a 0.09% stake within the firm.Equally, Infosys co-founder S D Shibulal and his daughter Shruti Shibulal have beforehand transferred shares value Rs 2,327 crore to Shibulal’s grandson Milan Shibulal Manchanda and different members of the family. Milan at the moment owns over 69 lakh shares, valued at greater than Rs 1,100 crore, which is a 0.19% stake in Infosys.Shruti’s daughter, Nikita Shibulal Manchanda, additionally has over 69 lakh shares, representing one other 0.19% stake in Infosys.As of now, the corporate’s promoters and promoter teams preserve a complete stake of 14.78% in Infosys. Established in 1981, Infosys launched into its journey with an preliminary funding of Rs 10,000 from Murthy’s spouse, Sudha Murty, who just lately assumed workplace as a Rajya Sabha member.

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