Infosys falls 3.4% after founders sell stake worth $1.1 bn

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26 Aug, 2025 12:21

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Moneycontrol Bureau

Infosys shares fell about 4 percent at open, before recovering some lost ground to trade 3.4 percent lower, after a block-deal sale of 32.6 million shares reportedly belonging to founders of the firm went through this morning.

A Reuters report said this morning “four founders” of Infosys had sold the shares, worth USD 1.1 billion at Rs 1,988 per share (a 4 percent discount to Friday’s closing price). Sources said the founders were selling the stake for "personal and philanthropic purposes".

Deutsche Bank was said to be the book runner for the deal and it is not clear who were purchasers of the shares.

Infosys has not made a statement on the stake sale. 

As of September, founders of Infosys, still classified as promoters of the firm, held a total 15.92 percent in the firm. This stake cumulatively belong to co-founders Narayana Murthy, Nandan Nilekani, S Gopalakrishnan, K Dinesh and SD Shibulal and their families.

The stock of India’s second largest IT-services outsourcer have risen over 50 percent in the past six months, on hopes its first non-founder CEO Vishal Sikka would engineer a turnaround in the firm’s business, which has slowed down over the past few years.

A few months ago, two ex-CFOs of the firm, Mohandas Pai and V Balakrishnan, had written to the company requesting it to buy back shares in order to put to better use its massive cash reserves and shore up shareholder value.