Founders

RPower promoters sell 5.42% stake in co; raise Rs 1,500 crore

Reliance Power's founder companies have raised Rs 1500 crore by selling a 5.42 percent stake in the Indian firm, Reliance said on Wednesday.

Infosys' Vishal Sikka says founders fully committed to the company

Infosys CEO Vishal Sikka today said the founders of India's second largest IT services firm Infosys still remain committed to the firm and the sold stock will be used for philanthropic purposes.

Infosys founders are slowly cutting the umbilical cord - and it's good for company and shareholders

The slow cutting of the umbilical cord between the founders of Infosys and the company is good for everyone: the founders, who get to invest it elsewhere, and the company, which can now reinvent itself

Founding families sell 1% each in Infosys but investors are over-reacting

The about 4 percent downturn today in the stock after the news of four founders selling minor stakes is clearly an over-reaction from the part of the investors

Raking in the moolah: Four Infosys founders to sell stake worth $1.1 bn

The founders are reportedly 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.