Shruti Shibulal, ex Infosys CEO's daughter, buys ₹469 crore of company's shares

At the same time, Gaurav Manchanda who is one of SD Shibulal's family members, sold the same number of shares at the same price.

Published on: Mar 13, 2025, 09:56:06 IST

By HT News Desk | Edited by Abhyjith K. Ashokan

Prefer HTon Google

Share via

Copy link

Shruti Shibulal, one of the promoters of Infosys, bought 29.84 lakh shares of the IT giant through an open market transaction of ₹469.69 crore on Wednesday.

Infosys Ltd shares closed at ₹1,589.60 on the Bombay Stock Exchange (BSE) after the previous trading session ended on Wednesday, March 12, 2025. (Bloomberg)

These shares were bought at an average price of ₹1,574 apiece by Shibulal who is also the daughter of Infosys co-founder and former CEO SD Shibulal, according to a Mint report.

Also Read: Zara founder Ortega takes dividends worth ₹29,444 crore for the first time

At the same time, Gaurav Manchanda who is one of SD Shibulal's family members, sold the same number of shares at the same price.

How did Infosys shares perform?

Infosys Ltd shares closed at ₹1,589.60 on the Bombay Stock Exchange (BSE) after the previous trading session ended on Wednesday, March 12, 2025.

This was a fall of 4.28% or ₹71, and comes in the backdrop of IT stocks in general falling yesterday.

Also Read: Engineer's ‘career gap a curse in India’ post slammed by netizens: ‘Stop fearmongering’

The Nifty IT Index fell the most among the Nifty sectoral indices by 2.91%, reaching 36,310.65.

Out of the 10 companies in the index, L&T Technology Services was the biggest loser (5.27% down), followed by Infosys (4.31% down), and LTIMindtree (3.58% down).

Infosys has a market cap of ₹6,60,118.56 crore, with its shares declining 13.74 per cent in one month and 15.54 per cent year-to-date (YTD).

Meanwhile, its net profit rose 11.4 per cent to ₹6,806 crore in the third quarter of the financial year 2024-25, compared to ₹6,106 crore for the same quarter of the previous year.

Also Read: Man finds forgotten Reliance shares bought 37 years ago for ₹30, now worth ₹12 lakh

Meanwhile, its revenue was also up 7.6 per cent, reaching ₹41,764 crore over improved demand from US clients. The company's large order bookings, or deals over $50 million, stood at $2.5 billion during the December quarter, compared to $2.4 billion in the previous quarter and $3.2 billion in the year-ago period, according to the report.

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.Read More

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.