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Rishi Sunak’s wife Akshata Murthy earns dividend of Rs 126.6 crore from Infosys in 2022

Akshata Murthy earned dividend income of Rs 126.6 crore from Infosys in 2022

New Delhi:

Akshata Murthy, wife of visiting UK prime minister Rishi Sunak, earned Rs 126.61 crore ($15.3 million) in dividend income in 2022 from her stake in India’s second largest IT firm Infosys.

According to the company’s filings with the stock exchanges, Murthy, daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares or 0.93 per cent stake in Infosys at the end of September.

His stake is worth Rs 5,956 crore (about $ 721 million) at a trading price of Rs 1,527.40 on the BSE on Tuesday.

Infosys on May 31 this year paid a final dividend of Rs 16 per share for the financial year 2021-22. For the current year, this month the firm declared an interim dividend of Rs 16.5, according to the company’s stock exchange filings.

The aggregate of both the dividends stood at Rs 32.5 per share or Rs 126.61 crore for Akshata.

Infosys is one of the best dividend paying companies in India. In 2021, it paid a total dividend of Rs 30 per share, giving Akshata a total of Rs 119.5 crore in that calendar year.

Sunak, 42, won the race to lead the Conservative Party on Sunday and is set to become Britain’s first Indian-origin prime minister and its youngest leader in modern times.

While Sunak is a British citizen, his wife Akshata is an Indian citizen. Her non-domicile status, which allows her to earn money abroad without paying taxes for a period of up to 15 years, has been a divisive issue in the UK.

Akshata’s non-domicile status became a topic of discussion in Britain when Sunak first entered the race to become prime minister in April this year.

At the time, her spokesperson said that as a citizen of India, she was unable to hold citizenship of any other country and “she has always been and will continue to pay UK taxes on all her UK income.” ” As the controversy escalated, she announced at the time that she would pay UK tax on all her worldwide earnings in a “British sense of fairness”.

It is not known how much taxes it paid on dividend income earned after April in the UK – Final dividend per share for the 2021-22 financial year (April 2021 to March 2022) paid on May 31, 2022 is Rs 16, and interim dividend of Rs 16.5 per share for the financial year 2022-23 which is to be paid on October 27.

Born in her mother Sudha Murthy’s hometown in Hubballi, northern Karnataka, Akshata did her schooling in Bengaluru, before moving to Claremont McKenna College in California, where she dual majored in economics and French.

She did a fashion designing diploma from the Fashion Institute of Design and Merchandising in Los Angeles, followed by a short stint at Deloitte and Unilever.

She then went on to pursue an MBA at Stanford where she met Rishi Sunak.

Both got married in 2009. The couple, who have a huge real estate portfolio, have two children, Krishna and Anushka.

They live in a £7 million townhouse in Kensington. He also owns a flat in Kensington, a mansion in the Yorkshire constituency of Sage and a penthouse in California.

The son of a pharmacist mother and doctor father, Sunak was educated at one of the most famous schools in England, Winchester and then Oxford. He spent three years at Goldman Sachs Group Inc and later did his MBA from Stanford, California, where he met his wife, Akshata Murthy.

According to the Infosys filing, the promoters hold 13.11 per cent stake in the company. Of this, the Murthy family holds 3.6 per cent (Narayan Murthy holds 0.40 per cent, his wife Sudha holds 0.82 per cent, son Rohan has 1.45 per cent and daughter Akshata holds 0.93 per cent).

Other promoters include co-founders S Gopalakrishnan, Nandan M Nilekani and SD Shibulal and their families.

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