 "Raking in the moolah: Four Infosys founders to sell stake worth $1.1 bn")
Hong Kong: Four of the founders of Infosys Ltd are seeking to raise about $1.1 billion by selling stakes in the Indian IT outsourcing company, IFR reported on Monday.
The founders are offering 32.6 million shares in Infosys at a fixed price of 1,988 Indian rupees ($32) each, a 4 percent discount to Friday’s close, the report said.
Deutsche Bank is the sole book runner and the books were covered just after the launch, IFR, a Thomson Reuters publication said.
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Infosys executives were not immediately available outside regular business hours.
Reuters
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