Infosys $128m block gets leg up from domestic names

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By GlobalCapital
10 Mar 2016

Citi executed its second Indian block trade in as many weeks on Thursday, helping a group of vendors raise Rp8.62bn ($128.22m) from a sell-down in software giant Infosys.

Selling shareholders S Gopalakrishnan, S D Shibulal, Kumari Shibulal and Shruti Shibulal sold, combined, 7.5m secondary shares, or 0.3% of the company, via sole bookrunner Citi. The shares were offered at Rp1,149.0-Rp1,178.5 apiece, or a discount of 0%-2.5% to Infosys’ Wednesday close.  

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