08-12-2014 11:46 via news.yahoo.com

Infosys founders sell stakes for $1.1 billion as new CEO boosts growth prospects

By Anuradha Subramanyan and Sumeet Chatterjee HONG KONG/MUMBAI (Reuters) - Some of the founders of Infosys Ltd sold shares worth $1.1 billion in India's second-largest IT services exporter on Monday, cashing in on a more than 20 percent gain in the stock since the company picked its first outsider as chief executive. The shares were sold by N.R. Narayana Murthy, Nandan Nilekani, S.D. Shibulal and K. Dinesh, members a group of seven engineers who founded Infosys in 1981 by pooling together $
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