Infosys dips after block deals

Employees walk along a corridor in the Infosys campus in the southern Indian city of Bangalore
Infosys has dipped nearly 3% to Rs 1,146 on the National Stock Exchange (NSE) in early morning trade after a huge block deal. At 09:15 am, around 8.2 million equity shares representing 0.36% of total equity of Infosys changed hands, the NSE data shows.

A combined 10.49 million shares or 0.46% of total equity of Infosys have changed hands on the BSE and NSE till 09:34 am. Currently, the stock is trading at Rs 1,153 on the NSE. However, the name of the buyer and seller of the equity shares was not immediately ascertained.

Read more from our special coverage on "INFOSYS"

Earlier, in December 2014 Infosys co-founders N R Narayana Murthy, Nandan Nilekani, Dinesh K and S D Shibulal’s wife, Kumari Shibulal, along with their families, sold 32.6 million shares of the company for an overall amount of Rs 6,484 crore. CLICK HERE FOR DETAILS

 


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