Shibulal served as the Chief Executive Officer and Managing Director of Infosys from 2011-2014. She did her schooling from Naval Public School, Kochi and Chinmaya Vidyalaya, Kochi. This transaction was worth Rs 109.68 crore. Gaurav Manchanda, son-in-law of the Infosys co-founder, sold 18 lakh shares (0.04 per cent) and his shareholding in the company now stands at 0.32 per cent, additional filings by the IT company showed. The sale was executed by Citigroup Global Markets India as the Sole Broker. She received a scholarship from Pearson College UWC. Data showed SD Shibulal held 17,65,768 shares or 0.4 per cent stake in Infosys as of June 30. In December last year, Infosys co-founders Naryana Murthy, Nandan Nilekani, Dinesh K and SD Shibulal's wife , Kumari Shibulal, along with their families, sold 32.6 million shares for … Shibulal’s son Shreyas sold 40 lakh shares, “representing 0.09 per cent of Infosys Ltd by way of sale on the platform of … Shibulal served as the Chief Executive Officer and Managing Director of Infosys from 2011–2014. Cumulatively, the value of transactions comes at about Rs 777 crore. Later, she joined ‘London School of Economics and Political Science,’ England. This transaction was worth Rs 109.68 crore. While he stepped down as the company's CEO in 2014, he continues to hold a small stake in the firm. Bengaluru: Infosys Co-founder SD Shibulal said that over the last three days, his family members have sold a portion of their holdings in Infosys on the stock markets.This represented approximately 0.20% of the paid-up equity capital. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. Go live with Manorama Online App, the number one Malayalam News site on our mobiles and tablets. Cumulatively, the value of transactions comes at about Rs 777 crore. As per the statistics, SD Shibulal held 17,65,768 shares or 0.4% stake in Infosys as of June 30. The comments posted here/below/in the given space are not on behalf of Onmanorama. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. The wedding was attended by Infosys co-founders Nandan Nilekani, Kris Gopalakrishnan, SD Shibulal, and K Dinesh.Other renowned celebrities who attended the wedding were Vallabh Bhanshali, Ashank Desai, Manjul Bhargava, and Prakash Padukone.Popular Carnatic vocalist, Bombay Jayashree made the wedding memorable through her magical voice. Prior to becoming CEO and MD, he served as the Chief Operating Officer of the company from 2007-2011. Former Infosys CEO SD Shibulal with wife Kumari Once the spotlight moves away and the roar of the audience dies down, the silence that follows can be as deafening as the clamour preceding it. SD Shibulal along with NR Narayana Murthy and five others had founded Infosys in 1981. This transaction was worth Rs … The sale was executed by Citigroup Global Markets India as the Sole Broker. This transaction was worth Rs 109.68 crore. The statement issued by Shibulal's family office said "over the last three days (July 2224), his family members have sold a portion of (representing approximately 0.20 per cent of the paid-up equity share capital) their holding in Infosys Ltd on the stock exchanges". SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. He previously held 0.66 per cent shares in Infosys and post the transaction, his holding has come down to 0.56 per cent, it added. In a Financial Times interview in 2012, it was cited that his favourite city is New York. Kumari Shibulal, his wife, held another 0.25%, son Shreyas Shibulal 0.66% and daughter Shruti Shibulal owned 0.06% stake at the end of June quarter. About 15 lakh shares (0.03 per cent) held by grandson Milan Shibulal Manchanda were sold on the same dates for Rs 137.11 crore, bringing his shareholding to 0.33 per cent post the transaction. "Shibulal will ensure highest standards of corporate governance and excellence by bringing to our board a wealth of previous experiences," the city-based holiday resorts firm said in a statement here on Tuesday. Infosys cofounder S.D. SD Shibulal now holds more than 21.6 lakh shares, equal to 0.05% stake in Infosys. | Photo Credit: Thulasi Kakkat From classes together at Maharaja’s College to Infosys days S.D. As per one of the reports, considering current development and market trends of electric vehicles, Shreyas Shibulal wants to add more funds to this startup and provide support to other startups in the same space. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 percent) of Infosys and her shareholding is now at 0.22 percent. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. Kumari Shibulal, his wife, held another 0.25 per cent stake, son Shreyas Shibulal 0.66 per cent and daughter Shruti Shibulal owned 0.06 per cent stake at the end of June quarter. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Current incumbent SD Shibulal retires in 2015 after which Infosys is likely to get a non-founder boss for the first time. Kumari's shareholding in Infosys has now come down to 0.21 per cent while that of Shibulal increased to 0.05 per cent, as per the filings. Her holding now stands to 0.22% from previous 0.25%. Cumulatively, the value of transactions comes at about Rs 777 crore. Proceeds from the partial stake monetisation will be utilised for a combination of philanthropic and investment activities, it added. Infosys co-founder SD Shibulal's family sold approximately 0.2% of the paid-up equity share capital valued at about Rs 786 crore, calculated according to the company’s market capitalisation. SD Shibulal’s son Shreyas Shibulal founded Micelio, a startup fund focused on developing electric vehicles based out of Bengaluru in 2019. You can change your choices at any time by visiting Your Privacy Controls. Bengaluru: Infosys co-founder and former chief executive SD Shibulal joined as chairman of The Tamara, a hospitality venture promoted by his wife Shruti, the company said on Tuesday. One of his hobbies is dismantling and reassembling electronic devices to figure out how they work, and likes listening to Carnatic classical music. © Copyright 2021 Manorama Online. SD Shibulal's wife, Kumari, sold 12 lakh shares (0.03 per cent) of Infosys and her shareholding is now at 0.22 per cent. SDF was founded by Infosys co-founder SD Shibulal and his wife Kumari Shibulal in 1999. Bengaluru: Family members of Infosys co-founder S D Shibulal have sold 85 lakh shares of the company worth Rs 777 crore, according to regulatory documents. Cumulatively, the value of transactions comes at about Rs 777 crore. A separate regulatory filing stated that Shibulal's wife Kumari had gifted 4.01 lakh shares on the same day but the name of the recepient was not disclosed. A separate regulatory filing stated that Shibulal's wife Kumari had gifted 4.01 lakh shares on the same day but the name of the recipient was not disclosed. Cumulatively, the value of transactions comes at about Rs 777 crore. Currently, he invests in technology startups through Axilor Ventures that he co-founded with Infosys co-founder Kris Gopalakrishnan. Vehicles based out of Bengaluru in 2019 ) in Kochi, Kerala Citigroup, will be for... More about how we use your information in our Privacy Policy and Cookie Policy Shibulal founded Micelio, startup. 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