Infosys sale: Investors lose $2 bn; shares slip 4.9% to close at Rs 1969 at BSE

While these four co-founders, which also include former CEO S D Shibulal and K Dinesh, have monetised only part of their holdings—for entrepreneurship and philanthropic activities—their action led to a sharp plunge of about 5 per cent in the IT heavyweight’s share price eroding almost USD two billion from the company’s market capitalisation.