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Infosys shares fall as founders said to sell shares
December 8, 2014 / 3:57 AM / in 3 years

Infosys shares fall as founders said to sell shares

MUMBAI (Reuters) - Shares in Infosys Ltd(INFY.NS) fell on Monday following reports that some of its founders were selling shares in the software services exporter worth $1.1 billion.

An employee is seen behind an Infosys logo at the company's campus in Bangalore September 23, 2014. REUTERS/Abhishek Chinnappa/Files

Infosys was down 4.4 percent to 1,980 rupees as of 12:48 a.m.

Four of the founders of Infosys are offering 32.6 million shares in Infosys at a fixed price of 1,988 rupees each, a 4 percent discount to Friday’s close, IFR, a Thomson Reuters publication said.

Reporting by Indulal PM; Editing by Rafael Nam

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