Infosys Co-founder S.D. Shibulal Family Sells Partial Stake

S.D. Shibulal, Infosys Limited Co-founder and Former CEO, has disclosed that his family members sold part of their stock holdings in the company. The transaction was handled by Cholamandalam Securities Limited. Funds from the sale will support personal and philanthropic projects.

S.D. Shibulal, Co-founder and Former CEO of Infosys Limited, revealed that his family members recently sold a portion of their holdings in the IT giant on the stock exchanges.

The transaction, executed by Cholamandalam Securities Limited as the sole broker, marks a significant move by the co-founders who have cultivated the company into one of India's most professionally-run organizations with a global footprint. Proceeds from the sale will be channeled into personal ventures and philanthropic efforts.

This press release is meant solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy any shares. The shares have not been registered under the US Securities Act of 1933 and cannot be sold in the U.S. without meeting certain regulatory requirements.

(With inputs from agencies.)