NEW DELHI: India has in all probability seen its youngest millionaire in Ekagrah Rohan Murty – the four-month-old grandson of Infosys founder N.R. Narayana Murthy.
Based on a regulatory submitting, Narayana Murthy has gifted shares price greater than Rs 240 crore to his grandson.
Ekagrah Murty obtained 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 within the IT bellwether fell to 0.36 per cent, or greater than 1.51 crore shares.
On the worth of Rs 1,620 per share on Monday, Ekagrah Murty obtained a whopping Rs 243 crore. Narayana Murthy and his spouse and now Rajya Sabha MP Sudha Murty turned grandparents in November final yr after their son Rohan Murty and spouse Aparna Krishnan welcomed a child boy.
Engineer-turned-philanthropist and writer Sudha Murty took oath as Rajya Sabha MP final week within the presence of her husband.
