Moneycontrol Bureau
Shares of Infosys fell more than 3 percent after multiple block deals on exchanges in early trade.
About 78 lakh equity shares changed hands via multiple blocks on BSE & NSE at a price of around Rs 1,150 apiece.
Sources told CNBC-TV18 that S Gopalakrishnan and SD Shibulal, co-founders and former chairmans of Infosys, were likely to sell 50 lakh shares and 25 lakh shares through block deals today, respectively. Offered shares represented 0.3 percent of Infosys' outstanding share capital.
They were supposed to sell these shares at Rs 1,149–1,178.50 apiece. It was learnt that Citi was sole bookrunner for deal.
As per latest shareholding pattern (December 2015), SD Shibulal & his family held 2 percent and S Gopalakrishnan & his wife 3.3 percent stake in the company. At 10:48 hours IST, the scrip of Infosys was quoting at Rs 1,147.35, down Rs 31.15, or 2.64 percent on the BSE.Posted by Sunil Shankar Matkar
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