India's Youngest Millionaire! Narayana Murthy Gifts Infosys Shares Worth Rs 240 Crore To Grandson
Make way for the youngest Murthy millionaire!?
Infosys founder Narayana Murthy has given his grandson a valuable gift which has made him India¡¯s youngest millionaire. Four-month-old Ekagrah Rohan Murty now owns shares of one of the most prestigious companies. The shares are valued at a whopping Rs 240 crore.?
An exchange filing disclosed that Ekagrah obtained a 0.04 percent stake, equivalent to 1,500,000 shares, in India's second-largest information technology services firm Infosys.
Murthy¡¯s own shares have been reduced after this move!
Following this acquisition, Murthy's ownership stake in Infosys decreased from 0.40 percent to 0.36 percent, which translates to over 1.51 crore shares. The transaction was conducted "off-market."
Narayana Murthy and Wife Sudha became grandparents last year in November
In November, Murthy and author-philanthropist Sudha Murty celebrated becoming grandparents once again, as their son Rohan Murty and wife Aparna Krishnan welcomed a baby boy. This newborn marks the third grandchild for the Murthys, who already enjoy the grandparenting experience with the two daughters of Akshata Murty.
The newborn was named Ekagrah, derived from the Sanskrit term signifying unwavering focus and determination. Reportedly, the family drew inspiration from Arjuna's "ekagrah" in the epic Mahabharata for the name selection.
This new arrival marks the third grandchild for the Murty family, who are also grandparents to two granddaughters born to their daughter, Akshata Murty, and son-in-law Rishi Sunak.
About Infosys And Sudha¡¯s Role In Its Establishment
The journey of Infosys commenced modestly with just $250 in 1981 and has since evolved into one of India's most esteemed companies. Along the way, it pioneered a new standard for corporate governance and played a pivotal role in democratizing wealth creation. Notably, Sudha Murty played a crucial role by bootstrapping Infosys with that initial Rs 10,000 investment.
After serving as the head of the Infosys Foundation for over 25 years, Sudha Murty retired from her position in December 2021. However, she remains actively involved in philanthropic endeavors through her family's foundation. Additionally, she recently assumed the role of a?
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