Bengaluru, Jul 26: Today, one of the Co-founders of Infosys, SD Shibulal announced that over the last three days (22nd - 24th July) his family members have sold a portion of (representing approximately 0.20 per cent of the paid-up equity share capital) their holding in Infosys Ltd on the stock exchanges.
Proceeds from the partial stake monetization will be utilized for a combination of philanthropic and investment activities.
The sale was executed by Citigroup Global Markets India Private Limited as the Sole Broker.
The Founders, have served Infosys in various capacities, since its inception in 1981 until October 2014. Over the three decades, the Founders have nurtured the company transforming it into one of the professionally run companies in India with a global presence.
This press release is for information purposes only and is not an offer to sell, or a solicitation of an offer to buy, any of the shares described herein. The shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or in any state or other jurisdiction of the United States.
Securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the US Securities Act.
There has not been and there will not be any public offering of the shares in the United States.
Comments
True mr. hari. well said.
Hari says,
HDK working as bank lobby. By allow to write exams in local languages, attracts more people. For one bank exam, bank people charging minimum 500 to 600 as fee. Vacancy will be around 1 to 50. But the aspirant will be more than thousands. Bank people getting huge amount of revenew only by one bank exam... Bank people looting us and HDK working as bank lobby
HDK working as bank lobby. By allow to write exams in local languages, attracts more people. For one bank exam, bank people charging minimum 500 to 600 as fee. Vacancy will be around 1 to 50. But the aspirant will be more than thousands. Bank people getting huge amount of revenew only by one bank exam... Bank people looting us and HDK working as bank lobby
HDK wants to make young people less competative. In KN many foreign students studying. Our people should compete with them. But this will make people lazy
Aspirants minimum eligibility for most of the posts is degree or master degree. So they are capable of writing in English
Kumaraswamy wanted to make people fools.
For understanding questions, can give questions in own language but should not allow to write in local languages.
Rubbish. By giving allowing to write in own language makes people more lazy and less competative..
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