Infosys co-founder S D Shibulal on Saturday announced that his family members have sold a portion of their holding in the company on the stock exchanges over the last three days. This represented approximately 0.20 per cent of the paid-up equity share capital.

Proceeds from the partial stake monetisation will be utilised for a combination of philanthropic and investment activities, according to a statement.

The sale was executed by Citigroup Global Markets India Private Limited as the sole broker.