Infosys founders sell stakes, shares fall

December 08, 2014 09:52

Infosys shares fell as much as four per cent in morning trade today on the back of a large block deal involving sale of 32.6 million shares. The sale of shares took place at Rs 1,988 each, a four per cent discount to Friday's close.

Four founders of Infosys raised about $1.1 billion by selling stakes in the company, according to Reuters.

« Back to LIVE

TOP STORIES

Kejriwal granted 21-day interim bail by SC, but can't go to office

The SC said Kejriwal will have to surrender and go back to jail on June 2.

IPL: De Villiers slams Pandya's 'ego-driven' captaincy

AB de Villiers believes a lot of experienced Mumbai Indians players don't buy into Hardik Pandya's style of captaincy.

Red-hot KKR look to seal playoff berth; MI seek to salvage pride

In red-hot form, two-time former champions Kolkata Knight Riders will look to seal an IPL playoff berth for the first time in three years when they take on the struggling Mumbai Indians in their final home match of the season, in Kolkata...

EC slams Kharge over letter on voter turnout data

The poll panel said it found Kharge's letter, placed in the public domain in the middle of the ongoing electoral process, 'highly undesirable' and designed to create confusion, misdirection and impediment to the conduct of smooth, free...

Missing Taarak Mehta actor feared being spied on, had 27 email acs

The mystery over missing actor Gurucharan Singh, who played Roshan Singh Sodhi's character in TV serial Taarak Mehta Ka Ooltah Chashmah, has deepened as the Delhi police has found that the actor was using 27 separate email accounts in...