Auction for Sale of Govt of India Stocks

Government of India have announced the sale (re-issue) of (i) “7.02 percent Government Stock 2016” for a notified amount of Rs.3,000 crore (nominal) (ii) “6.90 percent Government Stock 2019” for a notified amount of Rs.4,000 crore (nominal) and (iii) "8.24 percent Government Stock 2027" for a notified amount of Rs.3,000 crore (nominal) through price based [...]

Narayana Murthy’s wife sells 20 lakh Infosys shares

On Thursday, Sudha Murthy, the wife of Infosys’s co-founder Narayana Murthy, sold 20 lakh (1.6 million) company shares owned by her for over Rs 430 crore (US$91.5 million) in the open market. Post sell-off, Sudha’s holding will be now reduced to 73.14 lakh shares, representing 1.27 per cent stake in the multinational company.
According to a [...]

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