Baby millionaire! Grandad Narayana Murthy gifts Infosys shares worth Rs 240 crore to four-month-old

Four-month-old Ekagrah Rohan Murty has become a millionaire even before learning how to walk on two legs as his grandfather and billionaire NR Narayana Murthy has gifted him 15 lakh Infosys shares worth over Rs 240 crore.

Regulatory filings show that 77-year-old Murthy gifted 15 lakh shares or 0.04% stake to his grandson in an off-market transaction last Friday. After the gift was executed, the Infosys co-founder’s holding in the IT company fell to 0.36%.

At today’s price of Rs 1,620 on BSE in the afternoon, Ekagrah has amassed a fortune of Rs 243 crore.

Ekagrah was born to Infosys Founder NR Narayana Murthy’s son Rohan Murthy and daughter-in-law Aparna Krishnan on November 10 last year in Bengaluru.

Rohan has a Ph.D. in computer science from Harvard University and runs Boston-headquartered software firm Soroco. Aparna, on the other hand, heads Murty Media.

Ekagrah is the third grandkid of Narayana Murthy and wife Sudha Murthy who took oath as a Rajya Sabha MP last week.

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Bengaluru’s iconic couple have two other grandchildren – Krishna and Anoushka – daughters of Akshata Murty and British Prime Minister Rishi Sunak.

At the end of the December quarter, Akshata owned 1.05% stake in Infosys, Sudha 0.93% and Rohan 1.64%.

Murthy had started Infosys way back in 1981 along with six other co-founders. Besides Ashok Arora, who left the software services exporter in 1989 to settle down in the US, all the co-founders are now billionaires.

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