Rohan Murty, Narayana Murty’s son, has welcomed a baby boy into this world, and he’s possibly the youngest millionaire in India. But how did such an old kid become a millionaire?
Ekagrah Rohan Murty Youngest Child Millionaire
Narayana Murty, founder of Infosys, has diluted its stake from 0.40% to 0.36% to gift his grandson shares worth Rs. 240 crore. He is now the youngest shareholder in Infosys and, most probably, India’s youngest shareholder.
Ekagrah Rohan Murty is now the owner of 15 lakh shares of Infosys. This newborn baby boy is the third grandson of Narayana Murty, and his name is inspired by a Sanskrit word that means unwavering focus and determination. The Murty’s were inspired by Mahabharat’s Arjun’s focus and determination, or in Sanskrit, “Ekagrah.”
Can Ekagrah buy or sell more stock in the future?
No, a minor in India can open a Demat account but cannot buy stocks; they can’t even get into a contract with a broker to sell or buy securities. The child can only sell a stock and receive it through a gift or donation, a transfer between family members, or implementing government or regulatory directions or orders. A minor can open a demat account, but it will be managed by its parents or guardian appointed by the court.
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