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Rishi Sunak's wife Akshata earned ₹126.61 crore dividend income from Infosys in 2022

Rishi Sunak's wife Akshata earned ₹126.61 crore dividend income from Infosys in 2022

The Hindu
Tuesday, October 25, 2022 12:35:45 PM UTC

Non-domiciled status of Akshata Murty became an issue of discussion in Britain when Rishi Sunak first entered the race to become the U.K. PM in April this year

Akshata Murty, Britain's incoming Prime Minister Rishi Sunak's wife whose tax status on income from outside the U.K. had triggered a controversy, earned ₹126.61 crore ($15.3 million) in dividend income in 2022 from her shareholding in India's second-largest IT firm Infosys.

Ms. Murty, daughter of Infosys co-founder Narayana Murthy, held 3.89 crore shares, or 0.93%, of Infosys at the end of September, according to company filings with the stock exchanges.

Her holding is worth ₹5,956 crore (about $721 million) at Tuesday's trading price of ₹1,527.40 on the BSE.

Infosys paid ₹16 per share final dividend for 2021-22 fiscal on May 31, this year. For the current year, the firm this month announced an interim dividend of ₹16.5, according to the company's stock exchange filings.

The two dividends totalled ₹32.5 per share or ₹126.61 crore for Ms. Murty.

Infosys is among the best dividend-paying companies in India. In 2021, it paid a total of ₹30 per share dividend, which would have given Ms. Murty a total of ₹119.5 crore in that calendar year.

Mr. Sunak, 42, on Sunday won the race to lead the Conservative Party and is now set to become Britain's first Prime Minister of Indian origin and its youngest leader in modern times.

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