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New Delhi:

Infosys co-founder NR Narayana Murthy has made headlines as soon as once more, and never for his 70 hours per week mantra this time. Mr Murthy has gifted shares value over Rs 240 crore to his four-month-old grandson, Ekagrah Rohan Murty, who joins the checklist of millionaires in India.

An change submitting reveals that Ekagrah owns 15,00,000 shares of Infosys, amounting to a 0.04 % stake within the firm. The transaction was performed “off-market”, the submitting revealed.

Mr Murthy’s holding within the tech firm has dropped from 0.40 per cent to 0.36 % to 1.51 crore shares. 

Ekagrah was born in November 2023 to Rohan Murthy and Aparna Krishnan. He’s the third grandchild of Narayan and Sudha Murty, who’re additionally grandparents to 2 daughters of Akshata Murty and UK Prime Minister Rishi Sunak.

Ekagrah’s identify was reportedly impressed by Arjun’s character within the Mahabharata. The Sanskrit phrase ‘Ekagrah’ means unwavering focus and dedication.

Infosys, which began with a modest funding of Rs 10,000 in 1981, has since grown into India’s 2nd largest tech firm.

Sudha Murty, a prolific writer and philanthropist, performed a pivotal position within the early days of Infosys, bootstrapping the corporate together with her meager financial savings. After dedicating over 25 years to main the Infosys Basis, she retired from her position in December 2021, persevering with her charitable endeavors by means of her household’s basis. Not too long ago, she turned a member of Rajya Sabha.

Final yr, Mr Murthy had stirred a fierce debate after he urged younger individuals to work 70 hours per week.  Making the remarks throughout a podcast, he stated the nation’s educated inhabitants owes it to the much less lucky to work “extraordinarily arduous”.

Many agreed with Mr Murthy’s views, however a number of others criticised  the views, query whether or not it will result in burnout. Reacting to backlash, Mr Murthy defended his assertion and stated quite a lot of “good individuals” and “NRIs” agreed along with his assertion.

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