Infosys block deal on March 12: Former CEO’s daughter Shruti Shibulal acquires 29.84 lakh shares for ₹469 crore

Infosys block deal on March 12: Shruti Shibulal, one of Infosys's promoters, acquired additional shares of India's second-largest information technology (IT) giant on Wednesday, March 12, through an open market transaction for ₹469 crore. According to NSE block deal data, she bought 29.84 lakh Infosys shares.

Shruti is the daughter of Infosys co-founder and former CEO SD Shibulal. According to NSE data, the shares were bought at an average price of ₹1,574 apiece, bringing the deal value to ₹469.69 crore. Gaurav Manchanda, one of SD Shibulal's family members, sold the same number of shares at the same price. On Tuesday, Shruti bought the IT major's shares worth ₹494 crore.

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Infosys Q3 Results

On January 16, the Sahil Parekh-led tech giant reported a rise of 11.4 per cent in net profit to ₹6,806 crore in the October-December quarter of FY25, compared to ₹6,106 crore in the year-ago period. The IT major's revenue for the quarter under review came at ₹41,764 crore, up 7.6 per cent year-on-year (YoY).

Revenue in constant currency (CC) terms rose 6.1 per cent YoY and declined by 1.7 per cent sequentially. Improved demand from US clients helped all business segments at Infosys post higher growth, with its mainstay financial services arm notching 6.1 per cent revenue growth. Large order bookings, or deals over $50 million, stood at $2.5 billion during the December quarter versus $2.4 billion in the previous quarter and $3.2 billion in the year-ago period.

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Revenue rose 7.6 per cent to ₹41,764 crore. Infosys raised its full-year revenue growth forecast to 4.5-5 per cent from 3.75-4.5 per cent earlier. In the quarter, Infosys' voluntary attrition rate in the IT services segment increased to 13.7 per cent from 12.9 per cent in the September 2024 and December 2023 quarters. Total employees increased to 323,379 from 322,663 on a YoY basis in the third quarter.

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Infosys Share Price Today

On Wednesday, shares of Infosys opened at ₹1,639.65 and declined 4.6 per cent to hit an intraday low of ₹1,564.15 before settling 4.28 per cent lower at ₹1,589.60 apiece on the BSE. Shares of the IT major declined 13.74 per cent in one month and 15.54 per cent year-to-date (YTD). Infosys commands a market cap of ₹6,60,118.56 crore.

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