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

INFOSYS co-founder Narayana Murthy has gifted 15 lakh shares worth over Rs 240 crore to his four-month-old grandson Ekagrah Rohan Murty.

Recent regulatory filings show that the 77-year-old transferred the shares, comprising 0.04 per cent of Infosys stake, to his grandson in an off-market transaction on Friday.

Following the share transfer, Narayana Murthy's holding in Infosys fell to 0.36 per cent.

Infosys shares closed at Rs 1,602.30 apiece on the Bombay Stock Exchange (BSE), indicating that Ekagrah Murty has gained a fortune of Rs 2,403,450,000.

Ekagrah, the child of Rohan Murthy, son of Infosys Founder Narayana Murthy, and his wife Aparna Krishnan, was born on November 10 last year in Bengaluru. Ekagrah is the third grandchild of Narayana Murthy and wife Sudha Murthy who took oath as a Rajya Sabha MP last week.

Narayana Murthy and Sudha Murty have two other grandchildren, Krishna and Anoushka, who are the daughters of Akshata Murty and British Prime Minister Rishi Sunak.

It may be noted that Akshata Murty held a 1.05 per cent stake in Infosys by the end of the December quarter, while Sudha Murty owned 0.93 per cent, and Rohan possessed 1.64 per cent.

Murthy, along with six other co-founders, initiated Infosys in 1981. Except for Ashok Arora, who departed the software services exporter in 1989 to settle in the US, all the co-founders have since become billionaires.

Recently at the India Today Conclave 2024, Narayana Murthy reminisced about the company's historic listing on Nasdaq, a feat that marked a huge milestone for Indian businesses. He also spoke about how his wife Sudha Murty was “much more qualified” than all the other founders of India’s second-largest IT firm.