Ekagrah Rohan Murty, the five-month-old grandson of billionaire Narayana Murthy, is set to receive a dividend income of ₹4.2 crore from his stake in Infosys, a Bengaluru-based tech giant. This infant’s fortune began when he was gifted 15 lakh shares, representing a 0.04% stake in Infosys, by his grandfather last month. The current value of these shares is ₹210 crore, and they are expected to yield substantial dividends following Infosys’s recent Q4 results announcement.
Dividend Details and Payment Schedule
Infosys has declared a total dividend of ₹28 per share, which includes a final dividend of ₹20 and an additional special dividend of ₹8. The payment date for these dividends is set for May 31, with the actual disbursement scheduled for July 1. As Ekagrah is not expected to sell his shares in the near future, he qualifies to receive this significant dividend income.
Background Information on Ekagrah Murty
Ekagrah Murty was born on November 10 last year in Bengaluru. He is the son of Rohan Murty, who holds a PhD in computer science from Harvard University and runs a software firm called Soroco in Boston. Ekagrah’s mother, Aparna Krishnan, leads Murty Media. Ekagrah is the third grandchild of Narayana and Sudha Murthy, with Sudha recently becoming a Rajya Sabha MP.
Other Family Members’ Stakes in Infosys
As of the end of the last quarter in December, other members of the Murthy family also held significant stakes in Infosys. Ekagrah’s aunt, Akshata Murty, who is married to UK Prime Minister Rishi Sunak, owned a 1.05% stake. His grandmother, Sudha Murthy, held a 0.93% stake, and his father, Rohan Murty, held a 1.64% stake in the company.
Background on Infosys and Its Co-Founders
Infosys was co-founded by Narayana Murthy in 1981, along with six other individuals. All co-founders, except for Ashok Arora, who left the company in 1989 to move to the US, have become billionaires.