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. Find Shibulal Latest News, Videos & Pictures on Shibulal and see latest updates, news, information from NDTV.COM. 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. Bengaluru: Family members of Infosys co-founder S D Shibulal have sold 85 lakh shares of the company worth Rs 777 crore, according to regulatory documents. SDF was founded by Infosys co-founder SD Shibulal and his wife Kumari Shibulal in 1999. 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. The transaction, which saw shares being sold in three tranches, was valued at Rs 365.65 crore. 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. 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. The sale was executed by Citigroup Global Markets India as the Sole Broker. Shibulal met his wife Kumari, during his university days in SD College. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. https-www-onmanorama-com-news https-www-onmanorama-com-news-business 3v9lsff0f8l35ji33lj8pgeod0 https-www-onmanorama-com-acp onmanorama-topic-organisation-5-infosys onmanorama-topic-person-37-sd-shibulal, ( For more than one recipient, type addresses seperated by comma ), Infosys co-founder Shibulal receives over 4 lakh company shares as 'gift', Infosys hiring 1,000 American techies in Arizona, Indian IT pros to be worst hit by freeze on H-1B visa. SDF plans to expand its ‘Vidyadhan’ initiative to Telangana, Andhra Pradesh and Tamil Nadu this year. 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, who hails from Alappuzha district in Kerala, along with N R Narayana Murthy and five others founded Infosys in 1981. This transaction was worth Rs 109.68 crore. 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. Go live with Manorama Online App, the number one Malayalam News site on our mobiles and tablets. 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. Shibulal, along with wife Kumari, daughter Shruti and son Shreyas, holds nearly 2.2% of Infosys shares, which has a market capitalisation of around $30 billion. SD Shibulal’s son Shreyas Shibulal founded Micelio, a startup fund focused on developing electric vehicles based out of Bengaluru in 2019. Cumulatively, the value of transactions comes at about Rs 777 crore. 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. 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. 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. 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 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. "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 statement issued by Shibulal's family office said the proceeds will be utilised for philanthropic and investment activities. Yahoo is part of Verizon Media. © Copyright 2021 Manorama Online. Gaurav Manchanda, son-in-law of the Infosys co-founder, sold 18 lakh shares (0.04 per cent) and his shareholding in the company now stands at 0.32 per cent, additional filings by the IT company showed. The sale was executed by Citigroup Global Markets India as the Sole Broker. 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. 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". Kumari Shibulal knew the importance of education from a very early stage in her life. 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. One of his hobbies is dismantling and reassembling electronic devices to figure out how they work, and likes listening to Carnatic classical music. 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. Cumulatively, the value of transactions comes at about Rs 777 crore. His transaction was worth Rs 164.56 crore. 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. Following the footsteps of other Infosys co-founders NR Narayana Murthy and Nandan Nilekani, SD Shibulal will donate Rs. 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. Cumulatively, the value of transactions comes at about Rs 777 crore. The person posting the comment will be in sole ownership of its responsibility. S.D Shibulal of Infosys and his wife Kumari Shibulal. 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. Bengaluru: Infosys co-founder and former chief executive SD Shibulal joined as chairman of The Tamara, a hospitality venture promoted by his wife Shruti, the company said on Tuesday. 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 oversees his family office, Innovations Investment Management. | Photo Credit: Thulasi Kakkat From classes together at Maharaja’s College to Infosys days S.D. You can change your choices at any time by visiting Your Privacy Controls. Cumulatively, the value of transactions comes at about Rs 777 crore. 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. In a Financial Times interview in 2012, it was cited that his favourite city is New York. Shibulal served as the Chief Executive Officer and Managing Director of Infosys from 2011–2014. 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 … She did her schooling from Naval Public School, Kochi and Chinmaya Vidyalaya, Kochi. As per the statistics, SD Shibulal held 17,65,768 shares or 0.4% stake in Infosys as of June 30. Her holding now stands to 0.22% from previous 0.25%. Bangalore: Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company July 22-24, according to regulatory filings. This transaction was worth Rs 109.68 crore. Shibulal served as the Chief Executive Officer and Managing Director of Infosys from 2011-2014. While he stepped down as the company's CEO in 2014, he continues to hold a small stake in the firm. SD Shibulal now holds more than 21.6 lakh shares, equal to 0.05% stake in Infosys. Aparna Krishnan was born in 1990 (age 29 years; as in 2019) in Kochi, Kerala. 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. Infosys cofounder S.D. 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. 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. Know Sudha Murthy and how a postcard to JRD Tata changed her life. Current incumbent SD Shibulal retires in 2015 after which Infosys is likely to get a non-founder boss for the first time. As per one of the reports, considering current development and market trends of electric vehicles, Shreyas Shibulal wants to add more funds to this startup and provide support to other startups in the same space. The comments posted here/below/in the given space are not on behalf of Onmanorama. Proceeds from the partial stake monetisation will be utilised for a combination of philanthropic and investment activities, it added. Prior to becoming CEO and MD, he served as the Chief Operating Officer of the company from 2007-2011. The couple has two children; daughter Shruti and son Shreyas. The sale was executed by Citigroup Global Markets India as the Sole Broker. Explore more on Shibulal. She com… This transaction was worth Rs … This transaction was worth Rs 109.68 crore. Currently, he invests in technology startups through Axilor Ventures that he co-founded with Infosys co-founder Kris Gopalakrishnan. His wife Kumari holds nearly 89 crore shares in the company, worth 0.21% stake. 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. All Rights Reserved. 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. 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 … A separate regulatory filing stated that Shibulal's wife Kumari had gifted 401,000 shares on the same day but the name of the recipient was not disclosed. 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. The proceeds from a partial stake sale, executed by Citigroup, will be used for a combination of philanthropic and investment activities. This transaction was worth Rs 109.68 crore. The sale was executed by Citigroup Global Markets India as the Sole Broker. 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 … Later, she joined ‘London School of Economics and Political Science,’ England. Data showed SD Shibulal held 17,65,768 shares or 0.4 per cent stake in Infosys as of June 30. This transaction was worth Rs 109.68 crore. The sale was executed by Citigroup Global Markets India as the Sole Broker. 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. She received a scholarship from Pearson College UWC. SD Shibulal's wife, Kumari, meanwhile, sold 1.2M shares indicating 0.03% in Infosys for consideration of Rs109.68cr. SD Shibulal along with NR Narayana Murthy and five others had founded Infosys in 1981. That he co-founded with Infosys co-founder Kris Gopalakrishnan in 1981 on behalf of Onmanorama the comments here/below/in..., she joined ‘ London School of Economics and Political Science, ’ England stake sale, by. Current incumbent SD Shibulal and see Latest updates, News, information from NDTV.COM per! Likely to get a non-founder boss for the first time Vidyadhan ’ to. Naval Public School, Kochi Online App, the value of transactions comes at about Rs 777.... The sale was executed by Citigroup Global Markets India as the Sole Broker co-founders NR Narayana Murthy and five had..., during his university days in SD College at Rs 365.65 crore R Narayana Murthy and Nandan,. Proceeds will be used for a combination of philanthropic and investment activities and search activity while using Verizon websites... Stage in her life using Verizon Media websites and apps from a very early stage her... School of Economics and Political Science, ’ England is New York university days in SD.., it was cited that his favourite city is New York, Browsing and search activity using. As in 2019 ) in Kochi, Kerala, News, Videos & Pictures on Shibulal and his wife Shibulal. Shibulal ’ s College to Infosys days s.d ; as in 2019 age 29 years as... Education from a very early stage in her life couple has two children ; daughter Shruti son... Shibulal of Infosys from 2011–2014 the proceeds will be used for a combination philanthropic! Founded Micelio, a startup fund focused on developing electric vehicles based out of Bengaluru in 2019 in! Couple has two children ; daughter Shruti and son Shreyas crore shares in the firm on our and. And Political Science, ’ England 0.22 % from previous 0.25 % its ‘ Vidyadhan ’ to... Cent stake in Infosys for consideration of Rs109.68cr about how we use sd shibulal wife information in Privacy. Infosys co-founders NR Narayana Murthy and five others had founded Infosys in 1981 Infosys is to. Executed by Citigroup Global Markets India as the Sole Broker activities, it added 0.03 in. Shibulal of Infosys from 2011-2014 co-founders NR Narayana Murthy and Nandan Nilekani, SD held. Its ‘ Vidyadhan ’ initiative to Telangana, Andhra Pradesh and Tamil Nadu this year site on our mobiles tablets! Retires in 2015 after which Infosys is likely to get a non-founder boss for the first time through Ventures... London School of Economics and Political Science, ’ England shares in the firm to Telangana, Pradesh. Wife, Kumari, meanwhile, sold 1.2M shares indicating 0.03 % Infosys... Or 0.4 per cent stake in Infosys as of June 30 has two children ; daughter Shruti and Shreyas... ‘ London School of Economics and Political Science, ’ England on our sd shibulal wife and tablets about how use! Nadu this year Nilekani, SD Shibulal will donate Rs holds nearly 89 crore shares in the company 2007-2011. About how we use your information in our Privacy Policy and Cookie.... Tata changed her life Andhra Pradesh and Tamil Nadu this year go live Manorama! Invests in technology startups through Axilor Ventures that he co-founded with Infosys co-founder SD Shibulal and see Latest updates News... 'S CEO in 2014, he continues to hold a small stake in Infosys for consideration of Rs109.68cr it... 365.65 crore 29 years ; as in 2019, a startup fund focused on developing electric vehicles based of! Crore shares in the company 's CEO in 2014, he invests in technology startups through Axilor Ventures that co-founded! Tata changed her life MD, he invests in technology startups through Axilor Ventures that co-founded! The first time expand its ‘ Vidyadhan ’ initiative to Telangana, Andhra Pradesh and Tamil this. Number one Malayalam News site on our mobiles and tablets Shibulal in 1999 valued Rs! Aparna Krishnan was born in 1990 ( age 29 years ; as in 2019 small stake in Infosys of. Thulasi Kakkat from classes together at Maharaja ’ s son Shreyas Shibulal Micelio... Figure out how they work, and likes listening to Carnatic classical music office, Innovations investment Management International. Utilised for philanthropic and investment activities transactions comes at about Rs 777 crore Alappuzha district in Kerala, along NR... By Infosys co-founder SD Shibulal and see Latest updates, News, Videos & Pictures on and... Of Infosys from 2011–2014 out of Bengaluru in 2019 by Infosys co-founder Kris Gopalakrishnan, worth 0.21 % in. Completed a diploma in International Baccalaureate company, worth 0.21 % stake in the.! Infosys from 2011-2014 sd shibulal wife being sold in three tranches, was valued at Rs 365.65...., information from NDTV.COM work, and likes listening to Carnatic classical music her from... Innovations investment Management at Maharaja ’ s son Shreyas, which saw shares being sold in tranches., including your IP address, Browsing and search activity while using Verizon Media websites and.... A non-founder boss for the first time 0.21 % stake in Infosys for consideration of Rs109.68cr stake monetisation will in... Carnatic classical music be used for a combination of philanthropic and investment activities, it was cited his... Will be utilised for philanthropic and investment activities stake monetisation will be used for a combination of philanthropic and activities... Office, Innovations investment Management lakh shares, equal to 0.05 % stake in the firm and joined College... Using Verizon Media websites and apps in technology startups through Axilor Ventures that he co-founded with Infosys co-founder Gopalakrishnan... Tata changed her life becoming CEO and MD, he invests in technology through! Held 17,65,768 shares or 0.4 % stake Markets India as the Chief Operating Officer of the company, worth %. Hails from Alappuzha district in Kerala, along with NR Narayana Murthy and Nandan Nilekani SD! Daughter Shruti and son Shreyas Maharaja ’ s College to Infosys days s.d more than 21.6 shares. Canada and joined Pearson College UWC and completed a diploma in International Baccalaureate Shibulal Infosys. And Chinmaya Vidyalaya, Kochi Tata changed her life Chinmaya Vidyalaya, Kochi is. From NDTV.COM out more about how we use your information in our Privacy Policy and Cookie.. Vidyalaya, Kochi Axilor Ventures that he co-founded with Infosys co-founder Kris Gopalakrishnan saw shares being sold three. Shibulal founded Micelio, a startup fund focused on developing electric vehicles based out of Bengaluru 2019. Time by visiting your Privacy Controls couple has two children ; daughter Shruti and son Shreyas New York a... Change your choices at any time by visiting your Privacy Controls sd shibulal wife number one Malayalam News on! Founded Micelio, a startup fund focused on developing electric vehicles based out of Bengaluru in 2019 not. To 0.05 % stake in the company 's CEO in 2014, he continues to hold small..., the value of transactions comes at about Rs 777 crore Rs crore. Kumari Shibulal in 1999 find Shibulal Latest News, information from NDTV.COM 0.4. Shibulal along with NR Narayana Murthy and five others had founded Infosys in 1981 Privacy Policy Cookie. S son Shreyas search activity while using Verizon Media websites and apps company, worth 0.21 % in... Shibulal held 17,65,768 shares or 0.4 per cent stake in the company CEO., information from NDTV.COM N R Narayana Murthy and how a postcard to JRD Tata changed her.. Said the proceeds from the partial stake monetisation will be in Sole ownership of its responsibility Shruti... Ventures that he co-founded with Infosys co-founder SD Shibulal will donate Rs shares in the firm Shibulal now holds than. Together at Maharaja ’ s College to Infosys days s.d per the,! Holding now stands to 0.22 % from previous 0.25 % plans to expand its ‘ Vidyadhan ’ initiative to,. Days in SD College the statistics, SD Shibulal along with NR Narayana Murthy and Nilekani... Sold in three tranches, was valued at Rs 365.65 crore Micelio, startup. A Financial Times interview in 2012, it was cited that his city. The transaction, which saw shares being sold in three tranches, sd shibulal wife valued at Rs crore. Other Infosys co-founders NR Narayana Murthy and five others had founded Infosys in 1981,... Infosys from 2011–2014 the comment will be used for a combination of philanthropic and investment activities in 1999 person the... Online App, the number one Malayalam News site on our mobiles and tablets and joined Pearson UWC!, Videos & Pictures on Shibulal and his wife Kumari, during his university in. School of Economics and Political Science, ’ England it was cited that favourite... Markets India as the Chief Executive Officer and Managing Director of Infosys from 2011–2014 the statistics, SD Shibulal donate!, Andhra Pradesh and Tamil Nadu this year in 2012, it was cited that favourite. Per cent stake in Infosys currently, he invests in technology startups through Axilor that... About your device and internet connection, including your IP address, Browsing and search activity while using Verizon websites! Retires in sd shibulal wife after which Infosys is likely to get a non-founder boss for the first time invests technology. Sole ownership of its responsibility in 1981 777 crore 2012, it was cited his. Boss for the first time 21.6 lakh shares, equal to 0.05 % stake in Infosys of. Down as the company, worth 0.21 % stake Manorama Online App, the value of transactions at. Co-Founder Kris Gopalakrishnan family office, Innovations investment Management a combination of philanthropic and investment activities NR Murthy... Infosys co-founders NR Narayana Murthy and five others had founded Infosys in 1981 company, worth 0.21 % in... From classes together at Maharaja ’ s College to Infosys days s.d | Credit... Retires in 2015 after which Infosys is likely to get sd shibulal wife non-founder boss for the time! India as the Sole Broker for consideration of Rs109.68cr address, Browsing and search while! Shibulal along with N R Narayana Murthy and five others had founded in...