Profit Sheets

Infosys co-founder SD Shibulal buys company’s shares for fifth time in May

June 1, 2021 04:49 PM

Infosys co-founder SD Shibulal buys company's shares for fifth time in May
SD Shibulal, co-founder of IT major Infosys, on Monday bought shares worth Rs 93 crore of the Bengaluru-based IT firm through an open market transaction.

SD Shibulal, co-founder of IT major Infosys, on Monday bought shares worth Rs 93 crore of the Bengaluru-based IT firm through an open market transaction. This is for the fifth time in May when Shibulal has bought shares of the IT major through an open market deal.

Prior to this, he purchased shares worth Rs 100 crore on in each of the four deals in May. His wife and firm’s promoter Kumari Shibulal sold the shares on all occasions.

Also Read: Pepperfry expects to achieve unicorn status by the time IPO rolls out

According to block deal data on BSE, Shibulal bought more than 6.67 lakh shares on Monday at an average price of Rs 1,391 per share, valuing the deal at Rs 92.9 crore. Kumari sold 6.67 lakh shares at the same price of Rs 1,391 per scrip in a different transaction.

On May 27, Shibulal bought more than 7.22 lakh shares at an average price of Rs 1,384 per share, according to BSE block deal data. As per a separate transaction, Shibulal’s wife Kumari offloaded over 7.22 lakh shares at the same price of Rs 1,384 apiece.

Shibulal and Kumari are the promoters of the IT major. They held 0.05 per cent stake and 0.21 per cent stake in the company, respectively at the end of March 2021 quarter.

So far in May, Shibulal had bought the IT stock worth Rs 100 crore on May 12, Rs 100 crore on May 19, and Rs 100 crore on May 24 through open market transactions. Kumari Shibulal sold the shares on all occasions.

Leave a comment

Market Live Updates


Intraday Tips
Stock Name Open Price Trend Details
Reliance 1930.10 Buy Click Here
Asian Paints 2577.00 Buy Click Here
HDFC 2448.00 Buy Click Here
HDFCAMC 2790.00 Buy Click Here
TCS 3120.00 Buy Click Here


NSE Top Gainers/Losers
COMPANY LTP %CHNG VOLUME
HINDALCO 417.95 4.47 1,41,13,388
BAJFINANCE 6,303.05 2.28 10,11,507
TATASTEEL 1,327.20 2.25 37,39,538
SBIN
431.10
1.84 70,85,419
SBILIFE
1,095.80
1.78 31,12,583
COMPANY LTP %CHNG VOLUME
DRREDDY 5,354.15 -1.06 1,86,489
AXISBANK 748.35 -1.05 54,72,359
TECHM
1,108.95
-1.00 3,03,653
SUNPHARMA 697.85 -0.79 9,00,502
CIPLA
943.80
-0.71 4,16,800