While the actual valuation is slated to be known in a late evening announcement by the company top brass currently in New York, the valuations arrived from the ADS pricing on the Nasdaq stock exchange is heady. For instance, Infy chief mentor and chairman N R Narayana Murthy offered 1.55 million shares with an estimated valuation of around Rs 462 crore, its managing director and CEO Nandan Nilekani's cash bag would be slightly smaller at around Rs 320 crore. They didn't have to offload much for this money as Murthy sold only 0.57% of his stake while it was even lower for Nilekani at 0.4%. The company's chief operating officer, S Gopalakrishnan, sold 0.4% stake for a valuation of Rs 310 crore. Murthy now holds slightly over 6% in Infy. Indian promoters accounted for 32% of the Rs 16 million ADS issue.
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Infy to be richer by Rs 1,500 cr
While the actual valuation is slated to be known in a late evening announcement by the company top brass currently in New York, the valuations arrived from the ADS pricing on the Nasdaq stock exchange is heady. For instance, Infy chief mentor and chairman N R Narayana Murthy offered 1.55 million shares with an estimated valuation of around Rs 462 crore, its managing director and CEO Nandan Nilekani's cash bag would be slightly smaller at around Rs 320 crore. They didn't have to offload much for this money as Murthy sold only 0.57% of his stake while it was even lower for Nilekani at 0.4%. The company's chief operating officer, S Gopalakrishnan, sold 0.4% stake for a valuation of Rs 310 crore. Murthy now holds slightly over 6% in Infy. Indian promoters accounted for 32% of the Rs 16 million ADS issue.
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