Bangalore: Infosys board member V Balakrishnan has sold 1 lakh equity shares in the company through the open market for Rs 33 crore.
According to the regulatory filing on the BSE, the 50,000 shares were held by Balakrishnan's minor daughters Sneha and Shweta.
Balakrishnan, head of the BPO, Finacle and India business units at Infosys, is widely seen as a contender for CEO after the incumbent S D Shibulal's term ends in 2015. Balakrishnan, who was earlier chief financial officer of Infosys, is also chairman of Infosys Lodestone.
