Narayana Murthy gifts Infosys stock worth over Rs 240 crore to 4-month-old grandson

  • IANS
  • Stock Market News
Narayana Murthy gifts Infosys stock worth over Rs 240 crore to 4-month-old grandson
Credit: © Reuters.

New Delhi, March 18 (IANS) India has probably seen its youngest millionaire in Ekagrah Rohan Murty - the four-month-old grandson of Infosys (NS: INFY ) founder N.R. Narayana Murthy.According to a regulatory filing, Narayana Murthy has gifted shares worth more than Rs 240 crore to his grandson.

Ekagrah Murty received 15 lakh shares, or 0.04 per cent 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 per cent, or more than 1.51 crore shares.

At the price of Rs 1,620 per share on Monday, Ekagrah Murty received a whopping Rs 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.

--IANS

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