INSUBCONTINENT EXCLUSIVE:
S D Shibulal's shareholding in the company increased to 0.07 per cent after the transaction.S D Shibulal, co-founder of the country's
second largest information technology company, Infosys hiked his stake in the company on Wednesday
Mr Shibulal bought 7,58,755 shares of the company amounting to Rs 100 crore in a block deal transaction from Kumari Shibulal, data from
S D Shibulal purchased 7,58,755 shares in a block deal transaction at an average price of Rs 1,317.95 per share, the BSE data showed.The
sale was executed by ICICI Securities Private Limited as the sole broker.With the deal, Mr Shibulal's shareholding in the company has
increased to 0.07 per cent, a regulatory filing by Infosys said
At the end of March quarter, Mr Shibulal held 0.05 per cent stake in the company
Meanwhile, Kumari Shibulal's holding in the company stood at 0.19 per cent
Kumari Shibulal owned 81,38,175 shares in Infosys after the transaction.Last month, Infosys reported an annual increase of 17 per cent in
its net profit at Rs 5,076 crore on the back of large contract wins as the COVID-19 pandemic drove digitisation efforts in multiple sectors
The Bengaluru-based company had reported profit of Rs 4,335 crore during the same quarter last year
However, on a sequential basis its profit registered a decline of 2.32 per cent.Infosys' revenue from operations rose 12.5 per cent annually
to Rs 26,856 crore and on a sequential basis revenue rose 1.2 per cent
In dollar terms, revenues came in at $3,613 million, registering an annual growth of 13 per cent.Infosys shares ended 0.28 per cent lower at
Rs 1,326.95 on Wednesday on the BSE.
