Infosys chairman's wife sells shares worth $92 mln

Thu Nov 5, 2009 5:50am EST
 
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BANGALORE, Nov 5 (Reuters) - Infosys Technologies (INFY.BO), India's second-largest software exporter, said on Thursday its chairman's wife sold company shares worth $92 million for setting up a venture capital fund.

Sudha Murthy, wife of Infosys co-founder and chief mentor N.R. Narayana Murthy, sold 2 million shares, or about 22 percent of her total holding, on the Bombay Stock Exchange on Thursday, the company said in a filing. Last month, Narayana Murthy, who co-founded Infosys with six other software engineers in 1981 with $250, had sold a total of 800,000 shares worth $37 million to set up a venture capital fund which he plans to set up in India. [ID:nBOM265320]

The company said the Murthys have confirmed they did not plan to raise further capital for the fund. ($1=47 rupees) (Reporting by Sumeet Chatterjee; Editing by Ranjit Gangadharan)

 

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