"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. Kumari Shibulal knew the importance of education from a very early stage in her life. The sale was executed by Citigroup Global Markets India as the Sole Broker. 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 … Shibulal oversees his family office, Innovations Investment Management. Cumulatively, the value of transactions comes at about Rs 777 crore. 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. 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". Data showed SD Shibulal held 17,65,768 shares or 0.4 per cent stake in Infosys as of June 30. Shibulal served as the Chief Executive Officer and Managing Director of Infosys from 2011–2014. The couple has two children; daughter Shruti and son Shreyas. 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. 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. 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. All Rights Reserved. She received a scholarship from Pearson College UWC. 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. 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. Cumulatively, the value of transactions comes at about Rs 777 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. This transaction was worth Rs … Shibulal met his wife Kumari, during his university days in SD College. Cumulatively, the value of transactions comes at about Rs 777 crore. 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. 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. 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. 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. 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. © Copyright 2021 Manorama Online. 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. 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. Shibulal served as the Chief Executive Officer and Managing Director of Infosys from 2011-2014. Bangalore: Family members of Infosys co-founder SD Shibulal have sold 85 lakh shares of the company July 22-24, according to regulatory filings. 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. 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. Proceeds from the partial stake monetisation will be utilised for a combination of philanthropic and investment activities, it added. 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. One of his hobbies is dismantling and reassembling electronic devices to figure out how they work, and likes listening to Carnatic classical music. This transaction was worth Rs 109.68 crore. This transaction was worth Rs 109.68 crore. 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. Cumulatively, the value of transactions comes at about Rs 777 crore. Go live with Manorama Online App, the number one Malayalam News site on our mobiles and tablets. This transaction was worth Rs 109.68 crore. Her holding now stands to 0.22% from previous 0.25%. As per the statistics, SD Shibulal held 17,65,768 shares or 0.4% stake in Infosys as of June 30. Currently, he invests in technology startups through Axilor Ventures that he co-founded with Infosys co-founder Kris Gopalakrishnan. 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. Prior to becoming CEO and MD, he served as the Chief Operating Officer of the company from 2007-2011. The sale was executed by Citigroup Global Markets India as the Sole Broker. 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. The transaction, which saw shares being sold in three tranches, was valued at Rs 365.65 crore. SD Shibulal now holds more than 21.6 lakh shares, equal to 0.05% stake in Infosys. 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. 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 … This transaction was worth Rs 109.68 crore. While he stepped down as the company's CEO in 2014, he continues to hold a small stake in the firm. S.D Shibulal of Infosys and his wife Kumari Shibulal. The sale was executed by Citigroup Global Markets India as the Sole Broker. SD Shibulal’s son Shreyas Shibulal founded Micelio, a startup fund focused on developing electric vehicles based out of Bengaluru in 2019. SD Shibulal's wife, Kumari, meanwhile, sold 1.2M shares indicating 0.03% in Infosys for consideration of Rs109.68cr. 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. His transaction was worth Rs 164.56 crore. The proceeds from a partial stake sale, executed by Citigroup, will be used for a combination of philanthropic and investment activities. SDF was founded by Infosys co-founder SD Shibulal and his wife Kumari Shibulal in 1999. Shibulal’s son Shreyas sold 40 lakh shares, “representing 0.09 per cent of Infosys Ltd by way of sale on the platform of … She did her schooling from Naval Public School, Kochi and Chinmaya Vidyalaya, Kochi. This transaction was worth Rs 109.68 crore. 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. Cumulatively, the value of transactions comes at about Rs 777 crore. She com… The sale was executed by Citigroup Global Markets India as the Sole Broker. 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. Explore more on Shibulal. 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. 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. In a Financial Times interview in 2012, it was cited that his favourite city is New York. The comments posted here/below/in the given space are not on behalf of Onmanorama. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. Aparna Krishnan was born in 1990 (age 29 years; as in 2019) in Kochi, Kerala. 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 … Find out more about how we use your information in our Privacy Policy and Cookie Policy. A separate statement issued by Shibulal's family office said the proceeds will be utilised for philanthropic and investment activities. Find Shibulal Latest News, Videos & Pictures on Shibulal and see latest updates, news, information from NDTV.COM. 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. 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. 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. Shibulal, who hails from Alappuzha district in Kerala, along with N R Narayana Murthy and five others founded Infosys in 1981. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 percent) of Infosys and her shareholding is now at 0.22 percent. 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. Know Sudha Murthy and how a postcard to JRD Tata changed her life. Infosys cofounder S.D. 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. You can change your choices at any time by visiting Your Privacy Controls. 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. SDF plans to expand its ‘Vidyadhan’ initiative to Telangana, Andhra Pradesh and Tamil Nadu this year. 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. Later, she joined ‘London School of Economics and Political Science,’ England. 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. Following the footsteps of other Infosys co-founders NR Narayana Murthy and Nandan Nilekani, SD Shibulal will donate Rs. SD Shibulal along with NR Narayana Murthy and five others had founded Infosys in 1981. The sale was executed by Citigroup Global Markets India as the Sole Broker. The person posting the comment will be in sole ownership of its responsibility. Yahoo is part of Verizon Media. She later moved to Canada and joined Pearson College UWC and completed a diploma in International Baccalaureate. 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. 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