Ekagrah Rohan Murthy Becomes India’s ‘Youngest Millionaire’ As Grandfather Narayana Murthy Gifts Him 15 Lakh Infosys Shares Worth Rs 240 Crore
According to a regulatory filing, Narayana Murthy has gifted shares worth more than Rs 240 crore to his grandson. Ekagrah Murty received 15 lakh shares, or 0.04 per cent stake, in Infosys.
New Delhi, March 18: India has probably seen its youngest millionaire in Ekagrah Rohan Murty - the four-month-old grandson of Infosys founder N.R. Narayana Murthy.
According to a regulatory filing, Narayana Murthy has gifted shares worth more than Rs 240 crore to his grandson. Ekagrah Murty received 15 lakh shares, or 0.04 per cent stake, in Infosys. Indian IT Sector To See 3–5% Growth in FY25, Hiring To Be Muted, Says ICRA.
The 77-year-old Infosys founder gifted shares to his grandson in an off-market transaction. With this, Narayana Murthy’s holding in the IT bellwether fell to 0.36 per cent, or more than 1.51 crore shares. AI Skills in Demand: Tech Job Seekers Without Having Artificial Intelligence Skills To Get Lower Salaries and Fewer Roles Available as US IT Market Expected To Shrink in 2024, Says Report.
At the price of Rs 1,620 per share on Monday, Ekagrah Murty received a whopping Rs 243 crore. Narayana Murthy and his wife and now Rajya Sabha MP Sudha Murty became grandparents in November last year after their son Rohan Murty and wife Aparna Krishnan welcomed a baby boy. Engineer-turned-philanthropist and author Sudha Murty took oath as Rajya Sabha MP last week in the presence of her husband.
(The above story first appeared on LatestLY on Mar 18, 2024 06:33 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).