In a remarkable turn of events, Ekagrah Rohan Murty, just four months old, has become one of India’s youngest millionaires, thanks to a generous gift from his grandfather, Infosys founder N.R. Narayana Murthy. Let’s delve into the details of this extraordinary story.
A Gifted Fortune
As per a recent regulatory filing, Narayana Murthy bestowed shares worth over Rs 240 crore upon his grandson, Ekagrah Murty. This substantial gift included 15 lakh shares, equivalent to a 0.04% stake, in Infosys, a prominent IT giant.
Off-Market Transaction
The 77-year-old Infosys visionary executed this generous gesture through an off-market transaction, significantly boosting Ekagrah Murty’s financial portfolio at a tender age. Following this transfer, Narayana Murthy’s ownership stake in Infosys reduced to 0.36%, encompassing more than 1.51 crore shares.
Financial Windfall
With each Infosys share priced at Rs 1,620 during the transaction, Ekagrah Murty’s newfound wealth amounted to a staggering Rs 243 crore. This substantial sum underscores the magnitude of Narayana Murthy’s gift and its potential impact on Ekagrah’s financial future.
Family Milestones
The Murthy family celebrated multiple milestones in recent times, including the birth of Ekagrah Murty in November last year. Rohan Murty, Narayana Murthy’s son, and his wife Aparna Krishnan welcomed their son, adding another joyous chapter to the family’s legacy.
Sudha Murty’s Political Venture
In a parallel development, Sudha Murty, renowned philanthropist, author, and Narayana Murthy’s wife, embarked on a new journey by assuming the role of Rajya Sabha Member of Parliament. Her recent oath-taking ceremony marked a significant moment, with Narayana Murthy proudly standing by her side.
Conclusion: An Unforgettable Beginning
Ekagrah Murty’s newfound wealth at such a tender age symbolizes not just financial prosperity but also a legacy of innovation and entrepreneurial success. Narayana Murthy’s generous gift reflects a commitment to family values and securing a bright future for the next generation. This heartwarming story underscores the Murthy family’s remarkable journey and their enduring contributions to India’s business, cultural, and political landscapes.
