Infosys board member sells shares worth Rs 7.46 cr

Tags: Companies
IT services major Infosys today said a member of its Board of Directors, Srinath Batni, has sold company's 20,000 shares worth Rs 7.46 crore.

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

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

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

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.

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

EDITORIAL OF THE DAY

  • The talent to make things grow big must be rewarded without a ceiling

    Executive pay has always been a hotly debated topic, mainly because it involves a lot of money.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

BK Chaturvedi

Delhi and its democratic core

In the last one month, questions have been raised about ...

Kuruvilla Pandikattu SJ

Moral basis for collective living

Laudato si (Praise Be to You”) the second circular letter ...

Dharmendra Khandal

Have you spotted those wasps, yet?

Wasps are insects that ride on the monsoon winds. I ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture