Sudha Murthy sells Infy shares worth $92 mn

by khalid on 07/11/2009 · 0 comments

300px-Sudha

Infosys Technologies informed the market that Sudha Murthy, wife of NR Narayana Murthy, sold two million shares of her holding in the company for over Rs 4.3 billion ($92 mn). Prior to this sell Sudha’s holding was 9314660 shares and now she has 7314600 shares. She sold out 22% of her holding.

She is going to set up a venture capital fund. By this venture capital fund she will help the enterpenures to setup their business. Her husband NR Narayana Murthy too sold out 800000 shares worth $37 million for the same purpose.

In another separate incident, Infosys` co-founder S. Gopalakrishnan purchased 400000 company shares for around Rs 866 million from the market.

Shares of the company is at Rs 2,212.60 on 6th Nov 2009.

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