...
...
Next Story

Narayana Murthy's 5-month-old grandson to earn ₹4.2 crore from Infosys dividend

Narayana Murthy's grandson Ekagrah Rohan Murty has earned another ₹4.2 crore in the form of dividend income.

Updated on: Apr 19, 2024, 13:51:27 IST
By HT News Desk
Prefer HTon Google
Advertisement

Ekagrah Rohan Murty- Narayana Murthy's five-month-old grandson- became a millionaire last month when his billionaire grandfather gave him a generous gift of 15 lakh Infosys shares. After the company announced its Q4 numbers, it also declared a total dividend of ₹28, including a final dividend of ₹20 and a special dividend of ₹8. With this, Ekagrah Rohan Murty has earned another ₹4.2 crore in the form of dividend income.

Narayana Murthy, Founder, Infosys, in Bengaluru. (PTI)
Narayana Murthy, Founder, Infosys, in Bengaluru. (PTI)

The company said that the payment of the final dividend and a special dividend has been fixed at May 31. The payment will be made on July 1, it added.

Read more: Singapore recalls Everest fish curry masala alleging pesticide presence: ‘Levels exceed limits’

Ekagrah Rohan Murty's shares in Infosys

Narayana Murthy's grandson owns 15 lakh shares- 0.04% stake in the company which at today's market price of ₹1,400 come to ₹210 crore. Owing to this, he is entitled to earn a dividend of ₹4.2 crore.

More on Ekagrah Rohan Murty

Read more: Why Netflix will stop telling everyone its subscriber count

Ekagrah Rohan Murty is the third grandkid of Narayana Murthy and Sudha Murthy. The couple have two other grandchildren - Krishna and Anoushka - daughters of Akshata Murty and UK prime minister Rishi Sunak.

At the end of the December quarter, Akshata Murty owned a 1.05% stake in Infosys, Sudha Murthy 0.93% and Rohan Murthy 1.64%.

 
ABOUT THE AUTHOR
HT News Desk

Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.

narayana murthyinfosys
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Home/Business/Narayana Murthy's 5-month-old grandson to earn ₹4.2 crore from Infosys dividend
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe