E-Paper
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.
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.
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 son of NR Narayana Murthy's son Rohan Murthy and daughter-in-law Aparna Krishnan. He was born on November 10 last year in Bengaluru. Rohan Murty has a PhD in computer science from Harvard University and runs the software firm Soroco. Aparna Krishnan heads Murty Media.
Read more: Sundar Pichai’s strict missive to Google employees: ‘This is a workplace, not…’
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%.
