Infosys promoter Shreyas Shibulal has executed a significant share sale transaction, disposing of 19,92,860 equity shares through open market operations on December 10-11, 2025. The transaction, valued at ₹317.91 crores, represents a 0.05% reduction in the company's total shareholding.

Transaction Details

The share sale was conducted across two trading sessions with varying volumes and prices:

All transactions were executed through Cholamandalam Securities Limited, with shares held across multiple demat accounts under DPID IN300572.

Shareholding Impact

The sale has resulted in a notable change in Shibulal's ownership position within Infosys:

Shibulal's position remains significant as a promoter of the IT services giant, maintaining substantial voting rights despite the reduction.

Regulatory Compliance

The transaction disclosure was made in accordance with Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. Formal notifications were submitted to:

• BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai
• National Stock Exchange of India Limited
• Infosys Limited management at Electronics City, Bangalore

The disclosure confirms that no provisions of company rules or applicable laws were contravened during the transaction execution.

Market Context

Infosys Limited's equity share capital remains unchanged at ₹2,027.31 crores following this promoter sale. The open market transaction method indicates the shares were sold through regular stock exchange platforms, providing liquidity to institutional and retail investors. The sale represents a standard promoter divestment activity, with all regulatory requirements properly fulfilled through timely disclosure submissions on December 11, 2025.

Infosys received a Neutral rating from Citi Research, with the global brokerage firm setting a target price of ₹1,525 for the IT services major. This rating reflects the brokerage's balanced assessment of the company's current market position and future prospects.

Analyst Rating Overview

The Neutral rating from Citi indicates that the brokerage views Infosys shares as fairly valued at current market levels. This stance suggests that analysts see limited upside or downside potential in the near term, positioning the stock as neither a strong buy nor a sell recommendation.

Market Implications

The ₹1,525.00 target price provides investors with a reference point for the stock's potential movement. Citi's Neutral stance on Infosys comes at a time when the IT sector continues to navigate various market dynamics and business environment changes.

The brokerage's assessment takes into account multiple factors that influence the company's performance and market valuation. This rating serves as guidance for institutional and retail investors making investment decisions regarding Infosys shares.

Investment Perspective

Citi's Neutral rating suggests that investors should maintain their current positions without making significant changes. The target price of ₹1,525.00 indicates the level at which the brokerage believes the stock should trade based on its fundamental analysis and market conditions.