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
The NH 66 is very close to station here and the town is on opposite side. A limited height subway linking NH 66 and west side of Manjeshwar Railway station is a must for pedestrians. Foot Over Bridge will be of no use as it is difficult for people to climb the stairs especially for elders and women with kids on tow. Authorities should wake up. There is just a pathway connecting east and west sides of the station. If any train is staioned on the tracks waiting for signal or crossing people tend to cross under the waggons.
Its like suicide only. I saw many people doing the same for getting out from railway station.
Very Sad Rip to the departed souls, urgently we need bullet train to take more lifes
People trying for easy way by risking their life. RIP
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