Infosys co-founder SD Shibulal's family sells over 6.59 lakh shares

Family members of Infosys co-founder SD Shibulal have sold over 6.59 lakh shares of the company in the open market between January 29-30, according to exchange filings.

Shibulal's wife Kumari Shibulal sold over 2.70 lakh shares, representing 0.01 percent of Infosys. She previously held 0.13 percent shares in Infosys; post-transaction, the holding has come down to 0.12 percent.

Gaurav Manchanda, the son-in-law of the Infosys co-founder, sold over 3.89 lakh shares and his shareholding in the company now stands at 0.32 percent, exchange filings by the IT company showed.

Of late, Shibulal's family has been selling its stake in the IT giant. In October 2023, Shibulal's son Shreyas Shibulal and daughter-in-law Bhairavi Shibulal also sold part of their shareholding worth over Rs 435 crore.