Mindtree co-founder Krishnakumar Natarajan and his family have sold over 4.66 lakh shares of the company, reducing their combined shareholding to 2.01 per cent from 2.29 per cent.

The transactions were carried out by Krishnakumar N, wife Akila Krishnakumar and son Siddarth in multiple tranches between September 15 and September 23, Mindtree said in a regulatory filing on Saturday.

Earlier this month, Natarajan and his family had sold over 42 lakh shares in multiple tranches between April 30 and September 14 that had reduced their combined shareholding to 2.29 per cent.

Krishnakumar Natarajan, who held a 1.96 per cent share, sold about 2.85 lakh shares, the filing said on Saturday. After the transaction, his shareholding came down to 1.79 per cent.

Akila sold about 1.32 lakh shares, bringing down her holding to 0.11 per cent.

Siddarth Krishna Kumar sold 49,405 shares and bought 1,000 shares, bringing his latest shareholding to 0.10 per cent.

The shares were sold and purchased in the open market, the filing said.