GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Infosys Shares Fall on Media Report of Stake Sale by Founders

Shares in Infosys Ltd fell as much as 3.5 percent to their lowest in over a month on Friday after a newspaper reported the company's founders were planning to sell their stakes, citing people familiar with the development.

Reuters

Updated:June 9, 2017, 10:19 AM IST
facebookTwittergoogleskypewhatsapp
Infosys Shares Fall on Media Report of Stake Sale by Founders
Employees of Indian software company Infosys walk past Infosys logos at their campus (Reuters)
Loading...

Mumbai: Shares in Infosys Ltd fell as much as 3.5 percent to their lowest in over a month on Friday after a newspaper reported the company's founders were planning to sell their stakes, citing people familiar with the development.

Infosys co-founders are exploring a sale of their entire 12.75 percent stake, worth about 280 billion rupees ($4.36 billion), in the software services exporter, the Times of India reported.

The newspaper, however, quoted Infosys founder Narayana Murthy denying such a move. Murthy, along with his family, is the largest shareholder in Infosys with a 3.44 percent stake.

Shares of the software company fell as much as 3.5 percent to their lowest since May 5.

Promoters were not immediately reachable. Infosys had no immediate comment.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Jet Airways 320.90 24.43
Yes Bank 205.85 -7.44
ICICI Bank 370.00 0.93
Maruti Suzuki 7,478.30 1.48
Reliance 1,096.85 -0.10
Company Price Change %Gain
Jet Airways 320.95 24.52
Motherson Sumi 143.05 -6.87
Yes Bank 206.00 -7.42
Maruti Suzuki 7,482.85 1.50
Apollo Hospital 1,265.65 8.53
Top Gainers
Company Price Change %Gain
Adani Ports 346.20 4.28
Titan Company 920.80 3.21
Eicher Motors 23,945.35 3.03
Kotak Mahindra 1,162.25 2.86
Hero Motocorp 2,922.15 2.62
Company Price Change %Gain
Adani Ports 345.30 4.19
Kotak Mahindra 1,162.65 2.93
Hero Motocorp 2,917.20 2.20
Axis Bank 625.65 2.11
Tata Motors 179.95 1.78
Top Losers
Company Price Change %Gain
Grasim 808.70 -7.72
Yes Bank 205.85 -7.44
Indiabulls Hsg 804.85 -4.10
NTPC 153.80 -2.26
Bharti Infratel 255.40 -1.79
Company Price Change %Gain
Yes Bank 206.00 -7.42
NTPC 153.90 -2.16
ONGC 158.90 -1.15
Sun Pharma 514.95 -1.04
Coal India 263.05 -0.96

Live TV

Loading...
Loading...