Narayana Murthy's 18-month-old grandson earns ₹6.5 crore in Infosys dividends: Report
Infosys co-founder Narayana Murthy's 18-month-old grandson, Ekagrah Rohan Murty, earned ₹6.5 crore in dividends from his shares, reported the Times of India (TOI). Murthy gifted shares worth over ₹240 crore to Ekagrah when he was just four months old. As per a report in 2024, after this, the toddler had a 0.04 per cent stake in one of the largest information technology services companies in India.
Infosys' latest dividend payout was ₹43 per share, which translated into ₹2,330 crore divided among the stakeholders who collectively hold 54.2 crore shares.
According to TOI, Nandan Nilekani, the company's chairman, earned ₹175 crore in dividends from his 4 crore shares. Co-founder Narayana Murthy earned ₹65 crore in dividends from his 1.5 crore shares.
The payout also saw Kris Gopalakrishnan, with 3.2 crore shares, receive dividends of ₹137 crore. Sudha Gopalakrishnan, the highest individual shareholder in the company, received ₹410 crore in dividend earnings from 9.5 crore shares.
Besides these promoters, the children of Narayana Murthy and Sudha Murty also received substantial dividend earnings. While Rohan Murty earned ₹261.5 crore in dividends from his 6 crore shares, Akshata Murty, wife of former British Prime Minister Rishi Sunak, yielded ₹167 crore from her 3.8 crore shares.
According to the TOI report, the third generation of promoters, Nikita and Milan Shibulal Manchanda, each hold 61 lakh shares and earned ₹26.3 crore in dividends.
Tanush Nilekani Chandra, with 33.5 lakh shares, received ₹14 crore. Ekagrah Rohan Murty, the youngest among all, yielded ₹6.5 crore from 15 lakh shares.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
41 minutes ago
- Time of India
Nashik civic body to acquire 250 acres more for Sadhugram; readies compensation model
Nashik: The Nashik Municipal Corporation (NMC) has decided to acquire additional 250 acres at Sadhugram in Tapovan area of the city for the upcoming Simhastha Kumbh Mela — slated to be held between 2026 and 2028. Tired of too many ads? go ad free now With 100 acres of the current 350-acre no-development zone at Sadhugram already under NMC's possession, the remaining land is typically leased from landowners for the duration of the Mela. Chief minister Devendra Fadnavis has also affirmed the acquisition of this land for Sadhugram. This move is significant given the projected increase in visitors. Around 2.5 lakh sadhus attended the 2015 Kumbh Mela in Nashik, but an estimated 10 lakh sadhus are expected in 2027. Initially, the NMC had envisioned developing Sadhugram on 500 acres. However, to accommodate the anticipated surge in sadhus, the plan was expanded to 1,000 acres in Tapovan — a substantial increase from the 350 acres used for the 2015 Kumbh Mela. Civic chief Manisha Khatri, while talking to TOI, said the municipal corporation plans to acquire additional 250 acres at Tapovan before the Kumbh Mela begins. "We have plans to develop Sadhugram on around 1,000 acres. The remaining land will be taken on lease for the Kumbh Mela period. We are also preparing the proposal seeking funds from the state govt for acquisition of the 250 acres," she said. An NMC official said they have prepared the compensation model for the acquisition of the land at Tapovan in the city. "As per the formula, 50% compensation will be given in cash and 50% as Transfer of Development Rights (TDR)," the official said.
India.com
an hour ago
- India.com
Bad news for employees of this company as it plans to sack 3500 workers, not Narayana Murthy's Infosys, Ratan Tata's TCS, IBM, name is...
Narayana Murthy, Late Ratan Tata and Azim Premji- File image (Left to right) In a massive development for global business and demand loss, Citigroup Inc. has announced its plan to cut around 3,500 jobs at its technology centres in Shanghai and Dalian, China by early Q4 2025. It has also announced that the job cuts are being done aimed at its global effort to simplify operations and improve risk and data management. Here are all the details you need to know about the recent step by Citigroup. 'Citi continues to pursue the establishment of a wholly owned securities and futures company in China,' Marc Luet, banking head of Japan, Asia North and Australia, was quoted as saying by a report by the Economic Times. Citi's broader strategy The downsizing move reportedly comes after Citi's broader strategy to reduce its reliance on IT contractors. The group is reportedly aiming to strengthen internal IT capabilities after regulatory scrutiny over data governance. The Economic Times report also says that Citi will only have around 2,000 staff in China after the tech job cuts, including a few hundred at the tech unit. Chinese Vice Premier meets Chair of Citigroup In a recent development for the Citigroup, Chinese Vice Premier He Lifeng met with Chair of Citigroup John Dugan and CEO of Carlyle Group Harvey Schwartz separately in Beijing. The Chinese VP said that China's economy has continued its notable rebound, while high-quality development efforts are resulting in solid progress, demonstrating strong resilience and great vitality, as per a report carried by Reuters. The Chinese Vice Premier added that China will continue to expand its high-level opening up to the outside world, offering broad space for the long-term and stable development of multinational companies. Dugan said that Citigroup Inc. is willing to deepen its presence in the Chinese market and will further enhance investment cooperation with China. (With inputs from agencies)
Time of India
2 hours ago
- Time of India
Inside the net worth of Steve Jobs' daughter and her Olympian fiancé
The upcoming countryside wedding of 26-year-old Eve Jobs — daughter of the late Apple co-founder Steve Jobs and Laurene Powell Jobs — and 25-year-old British equestrian Harry Charles is shaping up to be one of the most glamorous society events of the year. Tired of too many ads? go ad free now Scheduled for August in England's celebrity-favored Cotswolds, the celebration is expected to draw a star-studded guest list, with names like Princess Beatrice and U.S. Vice President Kamala Harris reportedly on the invite list. The couple, both accomplished equestrians, first appeared publicly at the 2024 Paris Olympics, where Harry clinched a gold medal in team jumping. Their shared passion for horse riding likely drew them together, but it's their striking backgrounds—and family legacies—that have drawn the public's fascination. So, how wealthy is this golden couple? Let's take a look at each of their net worths and how they've made their mark beyond their famous names. Eve Jobs' net worth: As the youngest daughter of Apple co-founder Steve Jobs and philanthropist Laurene Powell Jobs, Eve Jobs was born into immense wealth. However, Laurene has been public about not planning to pass down the family's entire $21.7 billion fortune to her children. She has emphasized that her children must build their own careers — and Eve seems to be doing just that. Credit: X Despite her "nepo baby" status, Eve is steadily forging her own path: She graduated from Stanford University in 2021 with a degree in Science, Technology, and Society. Eve began modeling in 2020 with a Glossier campaign alongside Sydney Sweeney and Naomi Smalls. By 2022, she was signed to DNA Model Management, the same agency that represents Kaia Gerber and Emily Ratajkowski. She has since walked in Paris Fashion Week and starred in campaigns for brands like Louis Vuitton and Enfants Riches Déprimés. In equestrian sports, she has been ranked as one of the top under-25 riders globally and won major competitions like the $130,000 CSI 3 Grand Prix in 2018. Her mother purchased a $15 million equestrian estate in Wellington, Florida, where Eve trains under Missy Clark. While official figures are scarce, Eve's personal net worth is estimated to be in the $500,000 to $1 million range as of 2024. That figure could rise significantly with future modeling and equestrian deals, especially given her social capital and growing presence in both industries. Harry Charles net worth : Harry Charles, Eve's fiancé, is a British equestrian prodigy and Olympic champion. Tired of too many ads? go ad free now Born into a family of elite riders—his father, Peter Charles, also won Olympic gold—Harry is now one of the most celebrated names in show jumping. Highlights of his career include: Making his Olympic debut at the Tokyo Games in 2021 at just 22. Winning team gold at the 2024 Paris Olympics alongside his equestrian hero, Scott Brash. Signing with Rolex as a Testimonee in 2019, making him the youngest rider to represent the luxury brand. Competing in prestigious events across Europe and North America, including the Longines Global Champions Tour and Hickstead Derby. Like many top-level riders, Harry's earnings come from a mix of: Prize money from international show jumping events. Brand endorsements and sponsorships (notably Rolex). Support from equestrian patrons and family-owned stables. While precise data on his earnings is not publicly available, estimates place Harry's net worth in the range of £500,000 to £2 million ($600,000 to $2.5 million USD). His career is on an upward trajectory, and with the recent Olympic win and global visibility, that number is expected to grow.
