Shares in India’s second largest software services ‘Infosys’ fell 3 percent taking after reports that some of its founders were offering shares in the software services exporter worth $1.1 billion.
As per reports, the founders of Infosys are offering 32.6 million shares in Infosys at a fixed price of 1,988.87 rupees each, a 4 percent discount to Friday’s close.
The sale was executed by Deutsche Equities India at an average price of Rs 1,988.87, a report says.