Founders Of Infosys Selling Shares Worth $1.1B: Report

(Reuters) - Four of the founders of Infosys Ltd are seeking to raise about $1.1 billion by selling stakes in the Indian IT outsourcing company, IFR reported on Monday.

The founders are offering 32.6 million shares in Infosys at a fixed price of 1,988 Indian rupees ($32) each, a 4 percent discount to Friday's close, the report said.

Deutsche Bank is the sole book runner and the books were covered just after the launch, IFR, a Thomson Reuters publication said.

Infosys executives were not immediately available outside regular business hours.