Infosys (INFY) Founders Execute $1B Secondary - Wells Fargo
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Price: $17.16 -0.81%
Rating Summary:
12 Buy, 13 Hold, 5 Sell
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Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
Rating Summary:
12 Buy, 13 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 16 | Down: 11 | New: 13
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Infosys Limited (NYSE: INFY) founders sold 20% of their holdings, or 32.6 million shares in the local Indian market, according to analyst Ed Caso of Wells Fargo. The sale is equal to about $1 billion in value. Recently the founders severed official ties to the company, the report noted.
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