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
Moon sighting for the start of the month of Ramazan, for end of fastings- Eidul Fitr, for the month of Hajj and Muharram:
The moon sighting is so easy. We the people of India and have Indian Standard Time all.over India.
When we can accept the moon sighting in Delhi and announcement from Delhi as it was during times of Radio and Doordarshan news, why can we not accept the sighting of moon in coastal region of Karnataka and in Kerala?
Let us bring about change for good.
Why is rest of Karnataka or India not joining for Eid with coastal region and kerala? At the time of Radio and Dorrdarshan only days, all of India used to wait for 8.00 pm news for updates of moon sighting. So why not accept the moon signing witnesses in Kerala or coastal region?
I request all Indians to accept the witnessing of Moon sighting in any area of India and start and end Fasting.
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