Millionaire Baby gets Richer: 5 Months Old Narayana Murthy’s Grandson to earn Rs.4 crore as Dividend from Infosys

Nagavara Ramarao Narayana Murthy, the co-founder of Infosys and one of India’s wealthiest businessmen, has recently made headlines for what he gave to his grandson, Ekagrah Rohan Murty, son of Narayana Murthy’s son Rohan Murty.

The founder of Infosys surprised the world by declaring that he had given his little grandson 15 lakh Infosys shares which is equivalent to a 0.04% stake in Infosys, making his grandson a millionaire even before he turned a year old.

Narayana Murthy’s company has reported its fourth-quarter results and declared a total dividend payout of Rs.28 (final dividend of Rs.20 and special dividend of Rs.8), according to reports. The record date for dividend payments is May 31, with payment scheduled for July 1.

According to the report, Narayana Murthy’s grandson Ekagrah Rohan Murty earned a further Rs.4.2 crore in dividend income following the announcement of Quarter 4 numbers.

With this share transfer, NR Narayana Murthy’s stake in Infosys has decreased from 0.40% to 0.36%, out of a total of around 1.51 crore shares.

Ekagrah Rohan Murthy is the son of Rohan Murthy and his wife Aparna Krishnan. Rohan Murty holds a PhD in Computer Science from Harvard University and runs the software firm Soroco and his wife Aparna Krishnan is the head of Murty Media. Rohan Murthy is the son of Narayana Murthy and Sudha Murty. Ekagrah was born on 10th November last year in Bengaluru. Ekagrah is the third grandchild of Narayana Murthy and Sudha Murthy. Speaking of Ekagrah Murty’s net worth, the baby child holds shares worth Rs.240 crore, which is equivalent to a 0.04% stake in the company.