Donation to go to Sarojini Damodaran Foundation and Advaith Foundation
Shiv Nadar and family donated Rs 2,708 crore (Rs 27.08 billion) in 2024-2025.
Infosys co-founder S D Shibulal has received little over four lakh shares of the company as a gift, taking the total number of shares owned by him to more than 21.6 lakh shares, according to a regulatory filing. Infosys, on Friday, informed the stock exchanges that "4,01,000 equity shares (representing 0.01 per cent) of Infosys Ltd by way of gift as off market transaction on November 12, 2020" were given to Shibulal. The filing did not mention who gifted these shares.
Shibulal plans to commission biography of his wife
The reduction in holdings comes at a time when technology firms are facing cross currency headwinds due to volatility in the global financial markets
Four of the founders of Infosys are seeking to raise about $1.1 billion by selling stakes in the company.
Infosys CEO Vishal Sikka on Wednesday said the founders of India's second largest IT services firm Infosys still remain committed to the firm and the sold stock will be used for philanthropic purposes.
India's billionaires are pledging a decent amount of their wealth for the welfare of society.
Sudha Murty worries that India has still not learnt its lessons from history.
