Shruti Shibulal, ex-Infosys CEO's daughter, buys ₹469 crore worth of company shares

Shruti Shibulal, daughter of Infosys co-founder and former CEO SD Shibulal, recently made a big financial move by buying shares worth ₹469.69 crore in Infosys. The transaction was carried out through an open market deal, making headlines in the financial world. The deal happened on Wednesday and involved a large volume of shares, highlighting the confidence of the promoters in the company.

Shruti Shibulal’s big purchase

Shruti Shibulal, one of the promoters of Infosys, purchased 29.84 lakh shares of the company at an average price of ₹1,574 per share. The total value of the purchase amounted to ₹469.69 crore. This large-scale transaction was reported by Mint, a well-known business publication.

Interestingly, at the same time, Gaurav Manchanda, a member of SD Shibulal’s family, sold the exact same number of shares at the same price. This means that the shares Shruti bought were likely the ones sold by Gaurav Manchanda.

Infosys is one of the leading IT companies in India, and this transaction highlights the continued involvement of the Shibulal family in the company’s financial activities. Shruti’s decision to buy such a large number of shares reflects confidence in the company’s future growth and stability.

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How Infosys shares performed

Following this large transaction, Infosys shares closed at ₹1,589.60 on the Bombay Stock Exchange (BSE) at the end of the trading session on Wednesday, March 12, 2025.

However, this marked a 4.28% decline (or ₹71) compared to the previous day’s closing price. This drop was part of a general downturn in the IT sector, which saw several IT stocks losing value.

The Nifty IT Index, which tracks the performance of IT stocks, dropped by 2.91% to 36,310.65. Infosys was one of the bigger losers, with its stock price falling 4.31%. Other major losses in the sector included:

• L&T Technology Services – down by 5.27%
• LTIMindtree – down by 3.58%

Despite the recent drop, Infosys remains one of the biggest IT companies in India. Its current market value stands at ₹6,60,118.56 crore.

Financial performance of Infosys

Infosys has faced some challenges recently, with its stock price declining 13.74% over the past month and 15.54% year-to-date (YTD). However, the company’s financial performance remains strong.

In the third quarter of the financial year 2024-25, Infosys reported a net profit of ₹6,806 crore, which was an 11.4% increase compared to the same quarter last year, when the net profit was ₹6,106 crore.

The company’s total revenue for the quarter reached ₹41,764 crore, showing a growth of 7.6%. This increase was driven by higher demand from clients in the US market.

Infosys also recorded strong order bookings. Deals valued over $50 million totaled $2.5 billion in the December quarter. This was slightly higher than the previous quarter's figure of $2.4 billion but lower than the $3.2 billion reported during the same quarter last year.

Shruti Shibulal’s purchase of Infosys shares is seen as a positive signal for the company’s future. Large-scale buying by promoters usually reflects confidence in the company’s growth potential. Even though Infosys shares have faced some pressure in recent weeks, the company’s strong financial results and large order bookings suggest that it remains well-positioned for future growth.

The IT sector has faced some short-term challenges, but Infosys remains one of the strongest players in the industry. The involvement of key promoters like Shruti Shibulal indicates that the company’s leadership has faith in its long-term prospects.

This transaction also highlights the continued influence of the Shibulal family in Infosys, one of India’s most successful IT companies. Investors will be watching closely to see how the company performs in the coming months.