Narayana Murthy gifts Infosys shares worth Rs 240 crore to 4-month-old grandson
New Delhi: Infosys co-founder N R Narayana Murthy has gifted 15 lakh shares to his four-month-old grandson Ekagrah Rohan Murty valued at around Rs 240 crore, according to a regulatory filing.
Murthy has gifted 15 lakh shares, or 0.04 per cent of his equity holding, to Rohan Narayana Murty son Master Ekagrah Rohan Murty –making him the youngest billionaire shareholder of Infosys.
The value of total gifted shares come to around Rs 240 crore as per company’s closing share price of Rs 1,602.3 apiece.
Ekagrah is the third grandchild of Narayana Murthy.
His first two grandchildren are daughters of Akshata Murty and UK Prime Minister Rishi Sunak.
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Man arrested with Rs 2.54-crore heroin in Mumbai
Mumbai (PTI): Police have arrested a man and seized over 500 grams of heroin worth Rs 2.54 crore in the illicit market from him in Mumbai, officials said on Friday.
The police's Anti-Narcotics Cell (ANC) made the drug seizure in Santacruz in the western suburbs. The operation was conducted by the Kandivali unit of the ANC on Thursday as part of a special crackdown against drug trafficking in the area, they said.
Acting on specific inputs, an ANC team conducted a raid in Santacruz (East) and intercepted a man. During a search, the team recovered 508 grams of high-grade heroin from his possession, an official said.
The seized contraband, a highly addictive, opioid drug derived from morphine, is estimated to be worth Rs 2.54 crore in the international market, he informed.
Following the seizure, a case was registered against the man under relevant sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, and he was formally placed under arrest in the early hours of Friday.
The police are currently investigating the source of the drug and trying to identify the intended recipients of the consignment, he said.
