Infosys founder Narayana Murthy gave his grandson a valuable gift which made him India’s youngest millionaire last month. Five-month-old Ekagrah Rohan Murty owns shares of one of the most prestigious companies. Ekagrah obtained a 0.04 percent stake, equivalent to 15 lakh shares, in India’s second-largest information technology services firm Infosys.
Now, in a fresh update, infosys announced its Q4 numbers and also declared a total dividend of Rs 28, which includes a final dividend of Rs 20 and a special dividend of Rs 8. Taking this into account, the little Murty has earned an additional Rs 4.2 crore as dividend income.
The company announced that the final dividend and a special dividend are scheduled for payment on May 31, with the disbursement set for July 1.
Narayana Murthy’s grandson holds 15 lakh shares, equivalent to a 0.04% stake in the company. At the current market price of Rs 1,400 per share, this translates to a value of Rs 210 crore. As a result, he stands to receive a dividend of Rs 4.2 crore.
Ekagrah Rohan Murty, born on November 10 in Bengaluru, is the son of Rohan Murthy and Aparna Krishnan, making him the grandson of NR Narayana Murthy and Sudha Murty. Rohan Murthy holds a PhD in computer science from Harvard University and leads the software company Soroco, while Aparna Krishnan heads Murty Media.
Ekagrah is the third grandchild of Narayana and Sudha Murthy, joining Krishna and Anoushka, the daughters of Akshata Murty and UK Prime Minister Rishi Sunak.
As of the end of the December quarter, Akshata Murty owned a 1.05% stake in Infosys, Sudha Murthy held 0.93%, and Rohan Murthy possessed 1.64%.
