Day: April 19, 2025

At just 17 months old, Ekagrah Rohan Murty, the grandson of Infosys co-founder Narayana Murthy, is already making headlines as one of India’s youngest millionaires. The toddler is set to receive ₹3.3 crore from Infosys’ final dividend payout for the financial year ending March 2025, reported Moneycontrol. 

Born in November 2023 in Bengaluru to Rohan Murty and Aparna Krishnan, Ekagrah is the third grandchild of Narayana Murthy and author-turned-Rajya Sabha MP Sudha Murty. His cousins, Krishna and Anoushka, are the daughters of Akshata Murty and former UK Prime Minister Rishi Sunak. 

Ekagrah’s journey into the world of big money began at just four months old, when his grandfather gifted him 1.5 million shares of Infosys — a 0.04 per cent stake in the tech giant. The value of this early inheritance? A jaw-dropping ₹240 crore at the time.

On April 17, Infosys declared a final dividend of ₹22 per share. With his 1.5 million shares, Ekagrah’s latest dividend earning will clock in at ₹3.3 crore — taking his total dividend income for the year to an astounding ₹10.65 crore. He had already earned ₹7.35 crore through interim dividends declared earlier at ₹49 per share.

The company’s stock exchange filing notes that shareholders eligible for the final dividend will be determined by May 30, with payouts scheduled for June 30. 

Meanwhile, other members of the Murthy family are also in for hefty dividend windfalls. Narayana Murthy himself will pocket ₹33.3 crore, Sudha Murty ₹76 crore, and Akshata Murty, who owns a 1.04 per cent stake in Infosys, is expected to earn a staggering ₹85.71 crore.

Founded in 1981 with just ₹10,000, Infosys has since grown to become one of India’s leading global tech firms. Sudha Murty, who supported the company in its early days with her personal savings, later led the Infosys Foundation for over 25 years. She continues to be active in social work, and recently became a nominated member of the Rajya Sabha.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider

info@eqwires.com

Telegram | Facebook | Instagram

Call: +91 9624421555 / +91 9624461555

www.eqwires.com

Shares worth over ₹2.36 trillion from 22 recently listed companies, including Hyundai Motor India, Dr Agarwal’s Health Care, Swiggy, and Waaree Energies, will hit the market in the next one month as anchor investors reach the end of their lock-in periods, opening the door for potential sell-offs. Anchor lock-in expiry refers to the end of the mandatory holding period for anchor investors in an initial public offering (IPO). After this period, these investors are allowed to sell their shares in the open market. This increases the number of shares available for trading. The expiry of lock in period could have implications for these companies as some investors might look to sell their holdings. 

Among others, Denta Water & Infra, Ajax Engineering, Diffusion Engineers, Niva Bupa Health Insurance, Godavari Biorefineries, Hariom Pipe, Deepak Builders & Engineers, Blue Jet Health, Afcons Infrastructure, Honasa Consumer, Rainbow Children’s Medicare, Cello World, Sagility India, ESAF Small Finance Bank, ACME Solar Holdings, and ASK Automotive are included in the list compiled by Nuvama Alternative & Quantitative Research. 

Stallion India Fluorochemicals, Denta Water & Infra, Dr Agarwal’s Health Care, and Ajax Engineering will witness the expiry of their 3-month lock-in periods, with shares estimated to be valued at around ₹659.65 crore. Meanwhile, the remaining companies will see the end of their 6-month or longer lock-in periods. 

Notably, the automaker Hyundai Motor India, which launched India’s largest public offering worth ₹27,870 crore in October 2024, will see the lock-in expiry of 507.8 million equity shares, estimated to be valued at around ₹81,821.65 crore.

However, it is worth noting that the said value pertains to the total lock-up shares becoming eligible for sale, but not all of these shares will actually be sold, as a sizeable portion is held by the Promoters and their group.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider

info@eqwires.com

Telegram | Facebook | Instagram

Call: +91 9624421555 / +91 9624461555

www.eqwires.com

Local search engine Just Dial has reported a 61 per cent year-on-year increase in net profit in FY25 to Rs 584.2 crore.

For the January-March quarter of FY25, Just Dial logged a profit of Rs 157.6 crore.

Revenue for FY25 was Rs 1,141.9 crore, reflecting a 9.5 per cent growth over FY24.

Revenue in Q4 came in at Rs 289.2 crore, a 7 per cent uptick over the corresponding period of the last fiscal year.

In Q4 specifically, growth was driven by well-strategised merchant acquisition initiatives that enabled deeper penetration in both urban and semi-urban markets, a company statement said.

Quarterly unique visitors on the platform reached 191.3 million in Q4, an 11.8 per cent year-on-year growth, while total business listings stood at 48.8 million at the end of FY25.

“FY25 has been a landmark year for Justdial — not just in terms of financial performance, but also in how we have transformed local business engagement.

“With Generative AI integration, enriched listings, and a sharpened focus on user and merchant experience, we have laid the groundwork to sustain our long-term growth.

“As we step into FY26, our confidence in delivering sustained value to users, merchants, and shareholders remains stronger than ever,” Shwetank Dixit, Chief Growth Officer at Justdial, said.

Eqwires Research Analyst

Top-notch SEBI registered research analyst

Best SEBI registered Intraday tips provider

info@eqwires.com

Telegram | Facebook | Instagram

Call: +91 9624421555 / +91 9624461555

www.eqwires.com