Narayana Murthy gifts shares worth Rs 240 crore to grandson Ekagrah Rohan Murty

Murthy gifts shares to grandson: Narayana Murthy, co-founder of country’s second largest IT services company – Infosys, has me helines once again, this time for a gift to his grandson, Ekagrah Rohan Murty. According to data from stock exchanges, Murthy has transferred shares worth Rs 240 crore to his four-month-old grandson, comprising 0.04% stake in Infosys.

Prior to this transfer, Murthy held a 0.40 per cent stake in Infosys, equivalent to 1,66,45,638 shares. Post share transfer, his ownership has slightly decreased to 0.36%, with a current holding of 1,51,45,638 shares in company.

Ekagrah, born in vember 2023 to Rohan Murthy and Aparna Krishnan, marks third grandchild for Narayana and Sudha Murty. couple also serves as grandparents to two daughters of Akshata Murty and UK Prime Minister Rishi Sunak.

Infosys, initially founded with a humble investment of Rs 10,000 in 1981, has since risen into India's second-largest tech company, symbolising a remarkable journey of growth and invation in IT sector.

Sudha Murty, an acclaimed author and philanthropist, played a key role in nascent sts of Infosys, contributing her modest savings to bootstrap company. Her dedication extended beyond corporate realm, as evidenced by her over 25-year tenure leing Infosys Foundation. Although she retired from this role in December 2021, Sudha Murty continues her charitable endeavors through her family's foundation, while also assuming responsibilities as a member of Rajya Sabha.

Last year, Narayana Murthy sparked debate with his vocacy for hard work, suggesting that young individuals should commit to working 70 hours a week. se remarks, me during a podcast, underscored Murthy's belief in responsibility of educated population to diligently contribute towards societal progress, particularly in supporting less privileged segments of society.