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Aberdeen reduces stake in Infosys, sells 56.26 lakh shares

Aberdeen Asset Management Asia has reduced its shareholding in Infosys by selling 56.26 lakh shares in the country's second-largest software



New Delhi: Aberdeen Asset Management Asia has reduced its shareholding in Infosys by selling 56.26 lakh shares in the country's second-largest software services firm.

The deal is estimated to be worth about Rs 664.81 crore.

"... Accounts managed or advised by Aberdeen Asset Management Asia Ltd, we now hold a total of 7,01,69,953 shares in Infosys across all mandates, equivalent to 3.0449 per cent of the company's issued shares, of which 2.5397 per cent are shares we have control over the voting rights," Infosys said in a filing to BSE.

This follows a sale of 56,26,200 shares on April 7, 2016, it added.

Infosys shares closed at Rs 1181.65 apiece yesterday, putting the deal at about Rs 664.81 crore.

Aberdeen previously held 7,57,96,153 shares, or 3.2891 per cent stake.

The transaction was conducted through an open market sale.

Infosys shares closed at Rs 1,167.35 per share, 1.21 per cent lower than the previous close, on BSE.

From Zee News

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