look news india
Rohan Murthy: It takes many years for a person to become a millionaire or a billionaire, some do and some do not. But a child born on 10 November 2023 has become a billionaire within 4 months. Yes, a grandfather has gifted shares worth crores of rupees to his grandson, after which his child has started being counted among the billionaires. You will be surprised to know that this child is none other than the grandson of Infosys Chairman Narayana Murthy. Let us tell you how many children have been named after Narayana Murthy.
Infosys gift of shares worth Rs 240 crore
Exchange filings show that Narayana Murthy has gifted shares worth about Rs 240 crore to Rohan Murthy Group. After this transfer, Agra will have 15,00,000 shares of Infosys, the country's second largest tech company. According to Money Control report, now after this off-market transfer, Narayana Murthy is left with about 1.51 crore shares, which is about 0.36 percent stake. According to various media reports, Ekagar is probably India's youngest billionaire.
Let us tell you that the second largest IT
The company Infosys was started in 1981 with $250 and today it is one of the most respected companies in India. This has created a new paradigm for democratization of corporate governance and wealth creation. Sudha Murthy led Infosys with 250. After leading the Infosys Foundation for more than 25 years, Murthy retired from his role in December 2021 and continues to work on efforts through his family's foundation.
He recently took oath as a member of the Rajya Sabha, the upper house of India. According to Forbes, Narayana Murthy's total wealth is Rs 35800 crore. He is the co-founder of Infosys, which has a market cap of Rs 5.70 lakh crore.