InvestorQ : Is it true that S D Shibulal has increased his stake in Infosys? What could that imply?
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Is it true that S D Shibulal has increased his stake in Infosys? What could that imply?

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1 month ago
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Yes, that is right. Mr. SD Shibulal, one of the original co-founders of Infosys along with Murthy, Nandan and Kris and others, hiked his stake in Infosys by purchasing 7.59 lakh shares valued at around Rs.100 crore. However, this was an internal family transfer. So while the individual stake of Shibulal goes up, the family stake remains the same. ICICI Securities acted as the sole broker for the deal.

Shibulal now holds 0.07% in Infosys, up from 0.05%. To an extent, it is a ratification of the new look and strategy given to Infosys by Salil Parekh, who took over as the CEO of Infosys after Vishal Sikka put in his papers. Since then, the fortunes of Infosys have surely seen better times with better profitability, improved margins and lower attrition. This is positive as it shows greater faith reposed by the original promoters in the new model.

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