Nandan Nilekani’s wife sells 5.77 lakh Infosys stocks

BANGALORE: Rohini Nilekani has sold 5.77 lakh Infosys shares worth Rs 163.51 crore and plans to use the money in philanthropic activities.

"For the past several years, I have undertaken philanthropic initiatives in multiple sectors such as education, water, environment and governance, among others. The proceeds of the sale of share, post tax, will be deployed towards these and other philanthropic contributions, over time," Rohini, wife of Infosys founder Nandan Nilekani, said in a Bombay Stock Exchange ( BSE) filing on Friday.

The share sale has marginally reduced her stake in Infosys, from 1.41% (80,78,174 shares) to 1.31% (75,01,174 shares).

Rohini is the founder of Arghyam, a public charitable foundation that supports sustainable water management towards meeting the basic water needs of all citizens, especially those from vulnerable communities. It also grants funds to organizations that implement and manage groundwater and sanitation projects in India. Arghyam has made grants to recipients in 22 states since 2005.

Rohini is also the founder member and chairperson of Pratham Books, a not-for-profit publisher that has published over 215 titles in English and other Indian languages. It has printed 8.5 million books and over 10 million story cards and has a readership of nearly 25 million. Pratham's vision is to put a book in every child's hand.