SD Shibulal’s son Shreyas Shibulal founded Micelio, a startup fund focused on developing electric vehicles based out of Bengaluru in 2019. Infosys co-founder SD Shibulal's family sold approximately 0.2% of the paid-up equity share capital valued at about Rs 786 crore, calculated according to the company’s market capitalisation. A separate regulatory filing stated that Shibulal's wife Kumari had gifted 4.01 lakh shares on the same day but the name of the recepient was not disclosed. Proceeds from the partial stake monetisation will be utilised for a combination of philanthropic and investment activities, it added. The person posting the comment will be in sole ownership of its responsibility. Cumulatively, the value of transactions comes at about Rs 777 crore. You can change your choices at any time by visiting Your Privacy Controls. She com… According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities. Find out more about how we use your information in our Privacy Policy and Cookie Policy. SD Shibulal's family sells 85 lakh Infosys shares worth over Rs 777 crore News Infosys hiring 1,000 American techies in Arizona A separate regulatory filing stated that Shibulal's wife Kumari had gifted 4.01 lakh shares on the same day but the name of the recepient was not disclosed. All Rights Reserved. Go live with Manorama Online App, the number one Malayalam News site on our mobiles and tablets. Shibulal, along with wife Kumari, daughter Shruti and son Shreyas, holds nearly 2.2% of Infosys shares, which has a market capitalisation of around $30 billion. The couple has two children; daughter Shruti and son Shreyas. Bengaluru: Family members of Infosys co-founder S D Shibulal have sold 85 lakh shares of the company worth Rs 777 crore, according to regulatory documents. Prior to becoming CEO and MD, he served as the Chief Operating Officer of the company from 2007-2011. The proceeds from a partial stake sale, executed by Citigroup, will be used for a combination of philanthropic and investment activities. The transaction, which saw shares being sold in three tranches, was valued at Rs 365.65 crore. Shibulal, who hails from Alappuzha district in Kerala, along with N R Narayana Murthy and five others founded Infosys in 1981. Shibulal’s son Shreyas sold 40 lakh shares, “representing 0.09 per cent of Infosys Ltd by way of sale on the platform of … His wife Kumari holds nearly 89 crore shares in the company, worth 0.21% stake. She later moved to Canada and joined Pearson College UWC and completed a diploma in International Baccalaureate. https-www-onmanorama-com-news https-www-onmanorama-com-news-business 3v9lsff0f8l35ji33lj8pgeod0 https-www-onmanorama-com-acp onmanorama-topic-organisation-5-infosys onmanorama-topic-person-37-sd-shibulal, ( For more than one recipient, type addresses seperated by comma ), Infosys co-founder Shibulal receives over 4 lakh company shares as 'gift', Infosys hiring 1,000 American techies in Arizona, Indian IT pros to be worst hit by freeze on H-1B visa. Cumulatively, the value of transactions comes at about Rs 777 crore. This transaction was worth Rs 109.68 crore. Find Shibulal Latest News, Videos & Pictures on Shibulal and see latest updates, news, information from NDTV.COM. This transaction was worth Rs … Cumulatively, the value of transactions comes at about Rs 777 crore. Currently, he invests in technology startups through Axilor Ventures that he co-founded with Infosys co-founder Kris Gopalakrishnan. SD Shibulal along with NR Narayana Murthy and five others had founded Infosys in 1981. Shibulal oversees his family office, Innovations Investment Management. About 15 lakh shares (0.03 per cent) held by grandson Milan Shibulal Manchanda were sold on the same dates for Rs 137.11 crore, bringing his shareholding to 0.33 per cent post the transaction. S.D Shibulal of Infosys and his wife Kumari Shibulal. Shibulal served as the Chief Executive Officer and Managing Director of Infosys from 2011–2014. She did her schooling from Naval Public School, Kochi and Chinmaya Vidyalaya, Kochi. © Copyright 2021 Manorama Online. A separate regulatory filing stated that Shibulal's wife Kumari had gifted 401,000 shares on the same day but the name of the recipient was not disclosed. SD Shibulal now holds more than 21.6 lakh shares, equal to 0.05% stake in Infosys. The sale was executed by Citigroup Global Markets India as the Sole Broker. Former Infosys CEO SD Shibulal with wife Kumari Once the spotlight moves away and the roar of the audience dies down, the silence that follows can be as deafening as the clamour preceding it. This transaction was worth Rs 109.68 crore. This transaction was worth Rs 109.68 crore. SD Shibulal’s wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. Bengaluru: Infosys co-founder and former chief executive SD Shibulal joined as chairman of The Tamara, a hospitality venture promoted by his wife Shruti, the company said on Tuesday. Her holding now stands to 0.22% from previous 0.25%. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. The comments posted here/below/in the given space are not on behalf of Onmanorama. Shibulal served as the Chief Executive Officer and Managing Director of Infosys from 2011-2014. He previously held 0.66 per cent shares in Infosys and post the transaction, his holding has come down to 0.56 per cent, it added. Infosys cofounder S.D. A separate regulatory filing stated that Shibulal's wife Kumari had gifted 4.01 lakh shares on the same day but the name of the recipient was not disclosed. Gaurav Manchanda, son-in-law of the Infosys co-founder, sold 18 lakh shares (0.04 per cent) and his shareholding in the company now stands at 0.32 per cent, additional filings by the IT company showed. Cumulatively, the value of transactions comes at about Rs 777 crore. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 percent) of Infosys and her shareholding is now at 0.22 percent. In December last year, Infosys co-founders Naryana Murthy, Nandan Nilekani, Dinesh K and SD Shibulal's wife , Kumari Shibulal, along with their families, sold 32.6 million shares for … Data showed SD Shibulal held 17,65,768 shares or 0.4 per cent stake in Infosys as of June 30. The sale was executed by Citigroup Global Markets India as the Sole Broker. Kumari's shareholding in Infosys has now come down to 0.21 per cent while that of Shibulal increased to 0.05 per cent, as per the filings. Bangalore: Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company July 22-24, according to regulatory filings. Kumari Shibulal, his wife, held another 0.25 per cent stake, son Shreyas Shibulal 0.66 per cent and daughter Shruti Shibulal owned 0.06 per cent stake at the end of June quarter. SDF was founded by Infosys co-founder SD Shibulal and his wife Kumari Shibulal in 1999. Explore more on Shibulal. SD Shibulal’s wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. A separate statement issued by Shibulal's family office said the proceeds will be utilised for philanthropic and investment activities. While he stepped down as the company's CEO in 2014, he continues to hold a small stake in the firm. This transaction was worth Rs 109.68 crore. Current incumbent SD Shibulal retires in 2015 after which Infosys is likely to get a non-founder boss for the first time. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. The wedding was attended by Infosys co-founders Nandan Nilekani, Kris Gopalakrishnan, SD Shibulal, and K Dinesh.Other renowned celebrities who attended the wedding were Vallabh Bhanshali, Ashank Desai, Manjul Bhargava, and Prakash Padukone.Popular Carnatic vocalist, Bombay Jayashree made the wedding memorable through her magical voice. Bengaluru: Infosys Co-founder SD Shibulal said that over the last three days, his family members have sold a portion of their holdings in Infosys on the stock markets.This represented approximately 0.20% of the paid-up equity capital. "Shibulal will ensure highest standards of corporate governance and excellence by bringing to our board a wealth of previous experiences," the city-based holiday resorts firm said in a statement here on Tuesday. As per the statistics, SD Shibulal held 17,65,768 shares or 0.4% stake in Infosys as of June 30. SHIBULAL’s wife Kumari Shibulal owned 1.04 crore shares (0.25 per cent), son Shreyas Shibulal had 1.80 crore shares (0.66 per cent) and daughter Shruti Shibulal … Following the footsteps of other Infosys co-founders NR Narayana Murthy and Nandan Nilekani, SD Shibulal will donate Rs. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. BANGALORE: While Infosys chief executive SD Shibulal’s wife is making plans to take him travelling once he retires next year, their daughter Shruti Shibulal is taking … His transaction was worth Rs 164.56 crore. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. Cumulatively, the value of transactions comes at about Rs 777 crore. In a Financial Times interview in 2012, it was cited that his favourite city is New York. SDF plans to expand its ‘Vidyadhan’ initiative to Telangana, Andhra Pradesh and Tamil Nadu this year. She received a scholarship from Pearson College UWC. Kumari's shareholding in Infosys has now come down to 0.21 per cent, while that of Shibulal increased to 0.05 per cent, according to the filings. Aparna Krishnan was born in 1990 (age 29 years; as in 2019) in Kochi, Kerala. Know Sudha Murthy and how a postcard to JRD Tata changed her life. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Kumari Shibulal, his wife, held another 0.25%, son Shreyas Shibulal 0.66% and daughter Shruti Shibulal owned 0.06% stake at the end of June quarter. Later, she joined ‘London School of Economics and Political Science,’ England. Kumari's shareholding in Infosys has now come down to 0.21 per cent while that of Shibulal increased to 0.05 per cent, as per the filings. The sale was executed by Citigroup Global Markets India as the Sole Broker. As per one of the reports, considering current development and market trends of electric vehicles, Shreyas Shibulal wants to add more funds to this startup and provide support to other startups in the same space. Kumari Shibulal knew the importance of education from a very early stage in her life. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. This transaction was worth Rs 109.68 crore. Infosys co-founder SD Shibulal ... A separate regulatory filing stated that Shibulal's wife Kumari had gifted 4.01 lakh shares on the same day but the name of the recepient was not disclosed. Among the attendees for the couple’s big day were Infosys co-founders Nandan Nilekani, Kris Gopalakrishnan, SD Shibulal, and K Dinesh, CEO Salil Paresh. Shibulal met his wife Kumari, during his university days in SD College. This transaction was worth Rs 109.68 crore. The sale was executed by Citigroup Global Markets India as the Sole Broker. One of his hobbies is dismantling and reassembling electronic devices to figure out how they work, and likes listening to Carnatic classical music. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Shibulal's son Shreyas sold 40 lakh shares, "representing 0.09 per cent of Infosys Ltd by way of sale on the platform of the stock exchange on July 22, 23 and 24, 2020", as per exchange filing. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. Yahoo is part of Verizon Media. SD Shibulal's wife, Kumari, meanwhile, sold 1.2M shares indicating 0.03% in Infosys for consideration of Rs109.68cr. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. | Photo Credit: Thulasi Kakkat From classes together at Maharaja’s College to Infosys days S.D. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. The sale was executed by Citigroup Global Markets India as the Sole Broker. The statement issued by Shibulal's family office said "over the last three days (July 2224), his family members have sold a portion of (representing approximately 0.20 per cent of the paid-up equity share capital) their holding in Infosys Ltd on the stock exchanges".