Infosys sell-off erodes Narayana Murthy's family wealth by nearly Rs 1,900 crore
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As Infosys shares nosedived by 5.8% on Friday to close at Rs 1,815.10 on the BSE, the Murthy family’s fortunes took a significant hit, eroding approximately Rs 1,900 crore from their combined net worth. The family, holding a total 4.02% stake in Infosys, saw the value of their holdings drop to Rs 30,292 crore following the shares selloff, with Infosys’ market cap sliding to Rs 7.53 lakh crore . As of the quarter ended September, Infosys’ co-founder and promoter NR Narayana Murthy owned a 0.40% stake in the IT major, while his wife Sudha N Murty held 0.92%. Their son Rohan Murty owned 1.62% of the company, while their daughter Akshata Murty, wife of former UK Prime Minister Rishi Sunak, held a 1.04% stake. Narayana Murthy’s grandson, Ekagrah Rohan Murty, held a marginal 0.04% stake in Infosys, as of the September quarter. Together, the five members of the Murthy family owned a 4.02% stake in Infosys as of the September quarter, valued at ...