Infosys Co-Founder Narayana Murthy Gifts Shares Worth Rs 240 Crore to Grandson

Infosys co-founder NR Narayana Murthy has made a generous gesture by gifting shares worth over Rs 240 crore to his four-month-old grandson, Master Ekagrah Rohan Murty. In an off-market transaction, Murthy transferred 0.04 per cent of Infosys stake to his grandson, making him one of India’s youngest millionaires.

This share transfer reduced Narayana Murthy’s holding in Infosys to 0.36 per cent. Ekagrah, the child of Rohan Murthy and Aparna Krishnan, was born in November last year, making him an instant crorepati (millionaire) at such a tender age.

This is the third grandchild of Narayana Murthy and his wife, Sudha Murthy, who is also a Rajya Sabha MP. Akshata Murty, Narayana Murthy’s daughter, holds a 1.05 per cent stake in Infosys, while Sudha Murthy owns 0.93 per cent, and Rohan possesses 1.64 per cent.

Infosys Ltd, the second-largest IT company in India, offers a wide range of digital transformation services to businesses, including consulting, technology, outsourcing, and digital solutions. With a focus on both digital services and core services across various industries, Infosys generates most of its revenue from North America.

As of now, the company’s shares have an ROE (Return on Equity) of 32 per cent and an ROCE (Return on Capital Employed) of 40.7 per cent. Maintaining a healthy dividend payout of 58.8 per cent, Infosys continues to be a prominent player in the Indian IT sector.

It’s important to note that this article is for informational purposes only and should not be considered as investment advice.

FAQ

1. Who is NR Narayana Murthy?
NR Narayana Murthy is a co-founder of Infosys, one of the largest IT companies in India.

2. How much worth of shares did Narayana Murthy gift to his grandson?
Narayana Murthy gifted shares worth over Rs 240 crore to his four-month-old grandson.

3. How much stake does Narayana Murthy now hold in Infosys?
After the share transfer, Narayana Murthy’s holding in Infosys reduced to 0.36 per cent.

4. Who is Ekagrah Rohan Murty?
Ekagrah Rohan Murty is the four-month-old grandson of NR Narayana Murthy.

5. How many grandchildren does Narayana Murthy have?
Narayana Murthy and his wife Sudha Murthy have three grandchildren, including Ekagrah Rohan Murty.

6. What is Infosys?
Infosys Ltd is the second-largest IT company in India that offers digital transformation services to businesses, including consulting, technology, outsourcing, and digital solutions.

7. Where does Infosys generate most of its revenue from?
Infosys generates most of its revenue from North America.

8. What are the financial indicators of Infosys?
As of now, Infosys has an ROE (Return on Equity) of 32% and an ROCE (Return on Capital Employed) of 40.7%. The company also maintains a healthy dividend payout of 58.8%.

9. Is this article investment advice?
No, this article is for informational purposes only and should not be considered as investment advice.

Key Terms

– Infosys: The second-largest IT company in India, providing digital transformation services.
– ROE (Return on Equity): A financial indicator that measures a company’s profitability by calculating the return generated on its shareholders’ equity.
– ROCE (Return on Capital Employed): A financial indicator that measures a company’s profitability by calculating the return generated on its total capital employed.
– Dividend Payout: The portion of earnings that a company distributes to its shareholders as dividends.

Related Links

Infosys Website