Narayana Murthy is Venture Capitalist now – sells Infosys Shares to set up VC Fund
By Manoj Govindassamy at 24 October, 2009, 1:25 am
One of the most successful entrepreneurs in the country, Mr. N.R Narayana Murthy, co-founder of Infosys Technologies has recently sold his 0.55% stake in the company for Rs…. Total VC Investments in the first nine months of 2009 is at $201 million against $709 million investment for the corresponding period last year. So, with more Venture Funds we can see the revival of venture investments in India soon.In few bulk deals, Mr. NRN Murthy sold a total of 800,000 shares on this Wednesday and Thursday and proceeds of the sale (Rs…. It is known, apart from 0.55% stake Murthy’s family also hold 4.4% stake in Infosys.With this new Venture Fund, Mr. Murthy joins the long list of Indian technology entrepreneurs turned investors.
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