Akshata Murty, Rishi Sunak’s wife and daughter of Infosys co-founder Narayana Murthy, is poised to receive a significant dividend income from Infosys, India’s second-largest IT firm.
According to the company’s filings with the stock exchanges, Murty held 3.89 crore shares of Infosys as of the end of December.
The company declared a final dividend of Rs 17.50 per share for FY23, and if Murty retains her shareholding until the record date of June 2, she will receive Rs 68.17 crore.
Including the interim dividend of Rs 16.50 per share declared in October of last year, she will receive a total of Rs 132.4 crore. In the previous fiscal year, Infosys paid a total dividend of Rs 31 per share, giving her a total of Rs 120.76 crore. At the BSE’s Thursday closing price of Rs 1,388.60 per share, her holding is worth just over Rs 5,400 crore.
Nationality of Rishi Sunak’s wife Akshata Murty is a divisive issue in UK
Akshata Murty, who is an Indian citizen, holds non-domiciled status, allowing her to earn money overseas without paying taxes in the UK for up to 15 years.
This status has been a controversial issue in the UK, particularly when her husband, Rishi Sunak, was running for prime minister in April of last year.
Akshata was born in Hubballi, a town in northern Karnataka, and received her education in Bengaluru before attending Claremont McKenna College in California, where she earned a dual major in economics and French. Following that, she obtained a fashion design diploma from the Fashion Institute of Design and Merchandising in Los Angeles, and worked briefly at Deloitte and Unilever.
She later pursued an MBA at Stanford, where she met Rishi Sunak.
The couple married in 2009 and currently reside in a townhouse worth 7 million pounds in Kensington. They also own a flat in Kensington, a mansion in Rishi’s Yorkshire constituency, and a penthouse in California.
Infosys dividend
Infosys is considered one of India’s top dividend-paying companies, and its filings reveal that the promoters hold 13.11 per cent of the company.
Within that, the Murthy family owns 3.6 per cent, with Narayana Murthy holding a 0.40 per cent stake, his wife Sudha with 0.82 per cent, son Rohan with 1.45 per cent, and daughter Akshata with 0.93 per cent.
Other promoters include co-founders S Gopalakrishnan, Nandan M Nilekani, and S D Shibulal, along with their respective families.
On Thursday, the company announced that it had closed FY23 with a higher net profit of Rs 24,108 crore, earning a revenue of Rs 146,767 crore for FY23 as compared to Rs 121,641 crore in the previous year, and a net profit of Rs 24,108 crore in contrast to Rs 22,146 crore in the previous year.
As of March 31, 2023, Infosys had a headcount of 343,234 employees, up from 314,015 employees in the previous year.
