Infosys Technologies' co-founder Narayana Murthy's wife Sudha Murthy sold 20-lakh shares owned by her in the company for Rs.430.37 crore on the Bombay Stock Exchange, media reports said. The sale reduced her stake in Infosys to 1.27% from 1.62%.
In a regulatory filing, the company said the proceeds of the sale would be utilized as a corpus for Catamaran, a Venture Capital Fund being set up by Narayana Murthy in India, to help young entrepreneurs in their business, primarily in India. Last month Narayana Murthy sold 0.13% of his 0.55% stake in the company to raise Rs.174 crore to invest in Catamaran.
Murthys' daughter Akshata and son Rohan hold 1.41% and 1.39% stake in Infosys, respectively.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.