Akshata Murty Losses Over Rs 500 Crore in One Day As Infosys Shares Tumble 9.4%; Details
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Last Updated: April 18, 2023, 09:56 IST Rishi Sunak's Wife Akshata Murty UK Prime Minister Rishi Sunak’s wife Akshata Murty experienced a paper loss of approximately £49 million; Read details here UK Prime Minister Rishi Sunak’s wife Akshata Murty experienced a paper loss of approximately £49 million (over Rs 500 crore) after shares in Infosys Ltd, the Indian software giant co-founded by her father, Narayana Murthy, dropped 9.4 per cent on Monday. Infosys saw its biggest intraday percentage drop since October 2019, and dragged other IT stocks, with the Nifty IT index dropping as much as 7.6 per cent. After opening with a gap-down, Infosys shares slipped 12 per cent in intraday trade. The stock recovered towards the end of the session and closed at Rs 1259 forming a hammer candlestick pattern on daily charts. The last time Infosys shares hit a lower circuit was on March 23, 2020. According to a Bloomberg report, Murty’s stake in Infosys is still more than $450 million.