Infosys board member sells shares worth Rs 7.46 crore

IT services major Infosys on Monday said a member of its board of directors has sold 20,000 shares worth Rs 7.46 crore in the company.. Srinath Batni, who joined Infosys in 1992, is also the head of delivery excellence at the Bangalore-based firm.. Mr Batni on Monday sold 20,000 shares of the firm worth Rs 7,46,00,000 at the BSE, the company said in a filing to the bourse.. Post-sale Mr Batni's stake in the firm declined to 0.095 per cent (549,847 shares), it added. He earlier held a 0.099 per cent stake (569,847 shares) in Infosys, it said.. Earlier this month, the country's second-largest software services firm reported a 21.4 per cent increase in net profit to Rs 2,875 crore in the third quarter ended December 31 against Rs 2,369 crore in the same period a year earlier.. Revenue rose by 25 per cent to Rs 13,026 crore from Rs 10,424 crore during the period under review.. Infosys' scrip has moved in a wide range from about Rs 2,200 level to around Rs 3,760 in the past 10 months.. Shares in Infosys, on Monday, ended at Rs 3,749.90 apiece on the BSE, up 0.59 per cent from the previous close.

Infosys board member sells shares worth Rs 7.46 crore

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