Improve your contact center performance. See how you can make a difference.
Watch Now
Engage and build your ICT audience with CIOL online advertising.
Know more
BANGALORE, INDIA: Infosys Technologies, India's second-largest software exporter, said on Thursday its chairman's wife sold company shares worth around Rs 430 crore ($92 million) for setting up a venture capital fund.
Separately, Nasdaq-listed Infosys said its chief executive Kris Gopalakrishnan purchased 400,000 company shares from the market on Thursday for 86.6 crore rupees, taking his total holding to 6.7 million shares.
Sudha Murthy, wife of Infosys co-founder and chief mentor N.R. Narayana Murthy, sold 2 million shares, or about 22 per cent of her total holding, on the Bombay Stock Exchange on Thursday, the company said in a filing.
Last month, Narayana Murthy, who co-founded Infosys with six other software engineers in 1981 with $250, had sold a total of 800,000 shares worth $37 million to set up a venture capital fund which he plans to set up in India.
The company said the Murthys have confirmed they did not plan to raise further capital for the fund.
