Mumbai: Infosys co-founder N S Raghavan along with wife Jamuna Raghavan on Friday acquired shares worth Rs 94.56 crore in the company through an open market transaction.
The shares were previously held by Mr Raghavan's son Anand Nadathur, data available with NSE showed.
While the former joint managing director of Infosys acquired 5,78,279 shares at an average price of Rs 1,220.15, Jamuna bought 1,96,721 shares at an average price of Rs 1,220.25.
The transaction was completed through a block deal on the stock exchange. Mr Raghavan, one of the founding members of Infosys, retired from the company in 2000. He then along with a few associates started Nadathur Holdings & Investments Ltd (NHIL).
His son Anand Nadathur is working as a director at Nadathur Holdings.
Mr Raghavan also seeded the NSR Centre for Entrepreneurship Learning at the Indian Institute of Management, Bangalore, which seeks to mentor early stage companies.
Shares in Infosys, on Friday, ended 1.05 per cent lower at Rs 1,205.45 apiece on the NSE, whose benchmark Nifty index finished down 0.33 per cent.
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