Nadan Nilekani acquires stake in Dhanlaxmi Bank

Posted By: Religare
Subscribe to GoodReturns

{image-09-dhanlaxmibank-logo,jpg.gif}Infosys' co-founder and chairman of Unique Identification Authority of India (UIADI) Nandan Nilekani has acquired over one per cent in private sector lender Dhanlaxmi Bank.

As of March 31, 2011, he holds 9,93,827 shares in the bank which translates into 1.17 per cent stake. Apart from Nilekani, there are 22 other shareholders which holds stake between 1 to 7 per cent in the bank.

He had resigned as the CEO of the country's largest software exporter Infosys in 2007. Currently, Nilekani and his family holds 3.44 per cent stake in Infosys which is the second largest promoter in the software firm after the company's mentor N R Narayana Murthy and his family.

Dhanlaxmi , Kerala-based bank, is among the banks in the country and does not have any domestic or foreign promoters.

Nilekani left Infosys in 2009 to serve as the chairperson of the UIADI, in the rank of a cabinet minister under invitation from the Prime Minister Manmohan Singh.

Read more about: dhanlaxmi bank, bank, bse, shares
Story first published: Monday, May 9, 2011, 9:30 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'