Why Balakrishnan, member board Infosys sells 1 lakh shares for Rs 33 crore

[wptab name=’Infosys Stocks’]infosys-stocksInfosys board member V Balakrishnan has sold 1,00,000 shares in the company for Rs 33 crore in the open market. In a regulatory filing on the National Stock Exchange, Infosys said Balakrishnan sold 50,000 shares each held by his daughters Sneha and Sweta Balakrishnan.

He is currently the head of Infosys business process outsourcing unit, the company’s core banking software Finacle, its India business and chairman of Infosys Lodestone. The stock exchanges were informed about the share sale after market hours.

Balakrishnan could not be reached for immediate comment. On Friday, Infosys stock closed at Rs 3,361 a piece, up by 0.10% on NSE.[/wptab]
[wptab name=’Job Openings’]Explore a whole new world of opportunities. Combine that with a touch of the cutting-edge, and get set to take on the world. Infosys values diversity and inclusion, and is committed to the principles of equal employment opportunity.

Working with Infosys is not a job. It’s a journey. An experience. There’s so much to explore here – even about yourself – that every day is a new day. You want a challenging and enjoyable work environment. We want you to realize your potential. You want to be recognized for your work. We want you to fulfill your aspirations.

CLICK Here to apply at Infosys or send mail to:

HRD – Recruitment
Infosys Limited
No. 44, Electronics City
Bangalore – 560 100
Fax: +91 80 2852 0851
E-mail: infyjobs@infosys.com
Subject line: