On Friday, Infosys shares slipped down 6% pulling down the wealth of co-founder N R Narayana Murthy’s family by Rs 1,850 crore. Their stake was valued at Rs 32,152 crore a day earlier, before falling to Rs 30,300 crore.
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Murthy family's stake in Infosys
Notably, the combined stake of the Murthy family in Infosys is 4.02 percent. Narayana Murthy holds a 0.40 percent stake in Infosys, while his wife Sudha N Murty owns 0.92 percent. Their son Rohan Murty and daughter Akshata Murty, wife of former UK Prime Minister Rishi Sunak hold 1.62 percent and 1.04 percent stakes, respectively.
Also, Narayana Murthy’s grandson, Ekagrah Rohan Murty has a 0.04 percent stake in the IT company.
Infosys’ shares plunged to Rs 1,832 on Friday, January 17, nearly 6 percent following the company’s Q3 earnings report.
On Thursday’s press briefing following the announcement of the company’s Q3FY25 results, Infosys CFO Jayesh Sanghrajka disclosed, “Broadly, the comp (annual salary increment) that we are expecting is 6-8 percent in India, and the overseas comps will be in line with the earlier comp reviews,"
While the IT giant’s October-December earnings surpassed market expectations, its revised revenue growth guidance, indicating a potentially weaker Q4, may have contributed to the decline in its stock price.
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