Infy offers Esops of Rs 40 cr to Parekh, Rao and others

Infy offers Esops of Rs 40 cr to Parekh, Rao and others

Mumbai: has vested employee stock options (ESOPs) of nearly Rs 40 crore to its top executives, including CEO Salil Parekh and COO Pravin Rao, a filing with US Securities and Exchange Commission (US SEC) showed on Wednesday.

Parekh, who completed three years at the helm of Infosys in January and helped it return to growth mode, received shares worth Rs 4.33 crore while Rao got Rs 1.94 crore of stock.

More than 30 executives, including CFO Nilanjan Roy, HR head Krishnamurthy Shankar, Presidents S. Ravi Kumar and Mohit Joshi also received shares of the company.

In a separate regulatory filing, Janhavi Nilekani, the daughter of Infosys Chairman Nandan Nilekani and part of the promoter group, gifted 777,600 equity shares worth Rs 106 crore to Tanush Nilekani Chandra, her son.

Infosys, which has won large deals from clients such as
Google and
Daimler, is expected to grow the fastest among its peers in FY21. In January, the company raised its guidance and said it would grow 4.5-5% in FY21 after closing its highest ever deal wins of $7.13 billion in a quarter.

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