Eight directors of Infosys Technologies have pocketed Rs 862 crore (Rs 8.62 billion) by offering 3.60 million shares as part of the company's third sponsored American depositary shares issue.
Narayana Murthy, co-founder and executive chairman, garnered Rs 108 crore (Rs 1.08 billion) by selling 450,000 shares.
Nandan M Nilekani (CEO and managing director) got Rs 283 crore (Rs 2.83 billion) by offering 11.81 lakh (1.18 million) shares from his holding of 95.27 lakh (9.53 milion) shares. S Gopalkrishnan (COO, president and joint managing director) took home Rs 212 crore (Rs 2.12 billion) by selling 886,000 shares from his holding of 71.43 lakh (7.14 million) shares.
K Dinesh (director) raked in Rs 156 crore (Rs 1.56 billion) by selling of Rs 651,000 shares, S D Shibulal (director) received Rs 84 crore (Rs 840 million) on sale of 349,000 shares, Srinath Batni (director) got Rs 6 crore (Rs 60 million) on sale of 25,000 shares, T V Mohandas Pai (director) sold 54,757 shares worth Rs 13 crore (Rs 130 million) and V Balakrishnan (CFO) received Rs 44 lakh (Rs 4.4 million) for his offering of 1,854 shares.
The ADS represents 30 million equity shares and was priced at $53.50 per share. The aggregate size exceeds $1.6 billion.
