Young Millionaire: Narayana Murthy gifts 4-month-old grandson Infosys shares worth ₹240 crore
NR Narayana Murthy, the founder of Infosys, has gifted his four-month-old grandson Ekagrah Rohan Murthy with shares of the company worth ₹240 crore. This in effect likely makes the infant India’s youngest millionaire.
Young Ekagrah now holds 15,00,000 shares, equivalent to a 0.04 percent stake, in India’s second-largest information technology services company, as per a filing with the BSE.
Following this transaction, Murthy’s own stake in Infosys has decreased from 0.40 percent to 0.36 percent, representing over 1.51 crore shares. The transfer of shares was conducted “off-market”, the filing added.
New Member of the Family
Narayana Murthy and Sudha Murty’s son, Rohan Murthy, along with his wife, Aparna Krishnan, announced the arrival of their baby boy in November 2023. The newborn, named Ekagrah, signifies unwavering focus and determination in Sanskrit.
This addition marks the third grandchild for the Murty family, who also have two granddaughters born to their daughter, Akshata Murty and son-in-law Rishi Sunak.
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Published: 18 Mar 2024, 02:12 PM IST
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.