S D Shibulal's shareholding in the company increased to 0.07 per cent after the transaction.
S D Shibulal, co-founder of the country's second largest information technology company, Infosys hiked his stake in the company on Wednesday. Mr Shibulal bought 7,58,755 shares of the company amounting to Rs 100 crore in a block deal transaction from Kumari Shibulal, data from stock exchanges showed. S D Shibulal purchased 7,58,755 shares in a block deal transaction at an average price of Rs 1,317.95 per share, the BSE data showed.
The sale was executed by ICICI Securities Private Limited as the sole broker.
With the deal, Mr Shibulal's shareholding in the company has increased to 0.07 per cent, a regulatory filing by Infosys said. At the end of March quarter, Mr Shibulal held 0.05 per cent stake in the company. Meanwhile, Kumari Shibulal's holding in the company stood at 0.19 per cent. Kumari Shibulal owned 81,38,175 shares in Infosys after the transaction.