Infosys board member sells shares worth Rs. 7.46 cr

January 20, 2014 06:51 pm | Updated May 13, 2016 10:54 am IST - New Delhi

Information Technolgy services major Infosys on Monday said a member of its Board of Directors, Srinath Batni, has sold company’s 20,000 shares worth Rs 7.46 crore.

Mr. Batni, who joined the Bangalore-based firm in 1992, is also the Head of Delivery Excellence at Infosys.

In a BSE filing, Infosys said Mr. Batni on Monday sold 20,000 shares of the firm worth Rs 7,46,00,000 at the BSE.

Post the sale, Mr. Batni’s stake in the firm declined to 0.095 per cent (549,847 shares), it added.

Mr. Batni earlier held 0.099 per cent stake (569,847 shares) in Infosys, it said.

Earlier this month, the country’s second-largest software services firm reported a 21.4 per cent increase in net profit to Rs 2,875 crore in the third quarter ended December 31 against Rs 2,369 crore in the same period a year earlier.

Revenue rose by 25 per cent to Rs 13,026 crore from Rs 10,424 crore during the period under review.

Infosys’ scrip has moved in a wide range from about Rs 2,200 level to around Rs 3,760 in the past 10 months.

On Monday, the shares of the company rose by 0.59 per cent to settle at Rs 3,749.90 apiece from its previous close.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.