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Infosys Co-Founder S.D. Shibulal's Family Undertakes Thoughtful Stake Monetization for Personal and Philanthropic Endeavors

Mr. S.D. Shibulal, one of the co-founders of Infosys, disclosed that

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Feb 2, 2024 • 3:18 AM  151
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Infosys Co-Founder S.D. Shibulal's Family Undertakes Thoughtful Stake Monetization for Personal and Philanthropic Endeavors
“Infosys Co-Founder S.D. Shibulal's Family Undertakes Thoughtful Stake Monetization for Personal and Philanthropic Endeavors”
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Infosys Co-Founder S.D. Shibulal's Family Undertakes Thoughtful Stake Monetization for Personal and Philanthropic Endeavors
Infosys Co-Founder S.D. Shibulal's Family Undertakes Thoughtful Stake Monetization for Personal and Philanthropic Endeavors

In a recent announcement, Mr. S.D. Shibulal, one of the co-founders of Infosys, disclosed that his family has undertaken the sale of a portion of their shares in Infosys Limited over the past four days. The divestment amounts to approximately 0.07% of the paid-up equity share capital of the company and was executed through transactions on stock exchanges.

Having played a pivotal role in nurturing Infosys for more than three decades, the co-founders have successfully transformed the company into a professionally managed entity with a global footprint. The funds generated from this partial stake monetization are earmarked for a combination of personal and philanthropic pursuits.

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It is essential to note that this press release serves solely for informational purposes and is not intended as an offer to sell or a solicitation to buy any of the described shares. Furthermore, the shares in question have not been and will not be registered under the US Securities Act of 1933, and they may not be offered or sold in the United States without compliance with registration requirements or applicable exemptions.

The Shibulal family operates Innovations, a single family office, which was incorporated in the fiscal year 2005-06. This office manages the financial affairs and investments on behalf of Mr. S.D. Shibulal and his family.

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