This transaction was worth Rs 109.68 crore. Yahoo is part of Verizon Media. Prior to becoming CEO and MD, he served as the Chief Operating Officer of the company from 2007-2011. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 percent) of Infosys and her shareholding is now at 0.22 percent. Cumulatively, the value of transactions comes at about Rs 777 crore. Bangalore: Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company July 22-24, according to regulatory filings. The sale was executed by Citigroup Global Markets India as the Sole Broker. His wife Kumari holds nearly 89 crore shares in the company, worth 0.21% stake. Cumulatively, the value of transactions comes at about Rs 777 crore. Infosys co-founder SD Shibulal's family sold approximately 0.2% of the paid-up equity share capital valued at about Rs 786 crore, calculated according to the company’s market capitalisation. BANGALORE: While Infosys chief executive SD Shibulal’s wife is making plans to take him travelling once he retires next year, their daughter Shruti Shibulal is taking … Her holding now stands to 0.22% from previous 0.25%. SD Shibulal’s son Shreyas Shibulal founded Micelio, a startup fund focused on developing electric vehicles based out of Bengaluru in 2019. Kumari's shareholding in Infosys has now come down to 0.21 per cent, while that of Shibulal increased to 0.05 per cent, according to the filings. While he stepped down as the company's CEO in 2014, he continues to hold a small stake in the firm. Shibulal met his wife Kumari, during his university days in SD College. She later moved to Canada and joined Pearson College UWC and completed a diploma in International Baccalaureate. Among the attendees for the couple’s big day were Infosys co-founders Nandan Nilekani, Kris Gopalakrishnan, SD Shibulal, and K Dinesh, CEO Salil Paresh. SD Shibulal now holds more than 21.6 lakh shares, equal to 0.05% stake in Infosys. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. She com… Later, she joined ‘London School of Economics and Political Science,’ England. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. Explore more on Shibulal. SD Shibulal's family sells 85 lakh Infosys shares worth over Rs 777 crore News Infosys hiring 1,000 American techies in Arizona A separate regulatory filing stated that Shibulal's wife Kumari had gifted 4.01 lakh shares on the same day but the name of the recepient was not disclosed. The comments posted here/below/in the given space are not on behalf of Onmanorama. She did her schooling from Naval Public School, Kochi and Chinmaya Vidyalaya, Kochi. Proceeds from the partial stake monetisation will be utilised for a combination of philanthropic and investment activities, it added. Cumulatively, the value of transactions comes at about Rs 777 crore. The wedding was attended by Infosys co-founders Nandan Nilekani, Kris Gopalakrishnan, SD Shibulal, and K Dinesh.Other renowned celebrities who attended the wedding were Vallabh Bhanshali, Ashank Desai, Manjul Bhargava, and Prakash Padukone.Popular Carnatic vocalist, Bombay Jayashree made the wedding memorable through her magical voice. Former Infosys CEO SD Shibulal with wife Kumari Once the spotlight moves away and the roar of the audience dies down, the silence that follows can be as deafening as the clamour preceding it. Shibulal's son Shreyas sold 40 lakh shares, "representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020", as per exchange filing. You can change your choices at any time by visiting Your Privacy Controls. SD Shibulal’s wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Kumari Shibulal, his wife, held another 0.25%, son Shreyas Shibulal 0.66% and daughter Shruti Shibulal owned 0.06% stake at the end of June quarter. This transaction was worth Rs … She received a scholarship from Pearson College UWC. Cumulatively, the value of transactions comes at about Rs 777 crore. As per the statistics, SD Shibulal held 17,65,768 shares or 0.4% stake in Infosys as of June 30. In a Financial Times interview in 2012, it was cited that his favourite city is New York. The couple has two children; daughter Shruti and son Shreyas. SDF plans to expand its ‘Vidyadhan’ initiative to Telangana, Andhra Pradesh and Tamil Nadu this year. Current incumbent SD Shibulal retires in 2015 after which Infosys is likely to get a non-founder boss for the first time. The sale was executed by Citigroup Global Markets India as the Sole Broker. Know Sudha Murthy and how a postcard to JRD Tata changed her life. All Rights Reserved. Shibulal served as the Chief Executive Officer and Managing Director of Infosys from 2011–2014. Infosys co-founder SD Shibulal ... A separate regulatory filing stated that Shibulal's wife Kumari had gifted 4.01 lakh shares on the same day but the name of the recepient was not disclosed. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. Data showed SD Shibulal held 17,65,768 shares or 0.4 per cent stake in Infosys as of June 30. His transaction was worth Rs 164.56 crore. Aparna Krishnan was born in 1990 (age 29 years; as in 2019) in Kochi, Kerala. © Copyright 2021 Manorama Online. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. This transaction was worth Rs 109.68 crore. Shibulal served as the Chief Executive Officer and Managing Director of Infosys from 2011-2014. The statement issued by Shibulal's family office said "over the last three days (July 2224), 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". Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. This transaction was worth Rs 109.68 crore. Find Shibulal Latest News, Videos & Pictures on Shibulal and see latest updates, news, information from NDTV.COM. Kumari's shareholding in Infosys has now come down to 0.21 per cent while that of Shibulal increased to 0.05 per cent, as per the filings. He previously held 0.66 per cent shares in Infosys and post the transaction, his holding has come down to 0.56 per cent, it added. Infosys cofounder S.D. The sale was executed by Citigroup Global Markets India as the Sole Broker. Bengaluru: Infosys Co-founder SD Shibulal said that over the last three days, his family members have sold a portion of their holdings in Infosys on the stock markets.This represented approximately 0.20% of the paid-up equity capital. The proceeds from a partial stake sale, executed by Citigroup, will be used for a combination of philanthropic and investment activities. Shibulal, who hails from Alappuzha district in Kerala, along with N R Narayana Murthy and five others founded Infosys in 1981. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. Kumari Shibulal, his wife, held another 0.25 per cent stake, son Shreyas Shibulal 0.66 per cent and daughter Shruti Shibulal owned 0.06 per cent stake at the end of June quarter. Following the footsteps of other Infosys co-founders NR Narayana Murthy and Nandan Nilekani, SD Shibulal will donate Rs. The sale was executed by Citigroup Global Markets India as the Sole Broker. A separate statement issued by Shibulal's family office said the proceeds will be utilised for philanthropic and investment activities. In December last year, Infosys co-founders Naryana Murthy, Nandan Nilekani, Dinesh K and SD Shibulal's wife , Kumari Shibulal, along with their families, sold 32.6 million shares for … SD Shibulal's wife, Kumari, meanwhile, sold 1.2M shares indicating 0.03% in Infosys for consideration of Rs109.68cr. S.D Shibulal of Infosys and his wife Kumari Shibulal. SD Shibulal along with NR Narayana Murthy and five others had founded Infosys in 1981. "Shibulal will ensure highest standards of corporate governance and excellence by bringing to our board a wealth of previous experiences," the city-based holiday resorts firm said in a statement here on Tuesday. A separate regulatory filing stated that Shibulal's wife Kumari had gifted 4.01 lakh shares on the same day but the name of the recepient was not disclosed. This transaction was worth Rs 109.68 crore. Kumari Shibulal knew the importance of education from a very early stage in her life. Go live with Manorama Online App, the number one Malayalam News site on our mobiles and tablets. This transaction was worth Rs 109.68 crore. About 15 lakh shares (0.03 per cent) held by grandson Milan Shibulal Manchanda were sold on the same dates for Rs 137.11 crore, bringing his shareholding to 0.33 per cent post the transaction. A separate regulatory filing stated that Shibulal's wife Kumari had gifted 4.01 lakh shares on the same day but the name of the recipient was not disclosed. Shibulal’s son Shreyas sold 40 lakh shares, “representing 0.09 per cent of Infosys Ltd by way of sale on the platform of … SD Shibulal’s wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. SHIBULAL’s wife Kumari Shibulal owned 1.04 crore shares (0.25 per cent), son Shreyas Shibulal had 1.80 crore shares (0.66 per cent) and daughter Shruti Shibulal … According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities. 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