Software maker Infosys fell as much as 2.8 per cent to Rs 1,145.85 in morning trade.
At 12.10 pm, Infosys shares were trading 2.63 per cent or Rs 31 lower at Rs 1,147.50.
Four shareholders have put up a block of Infosys shares for sale to raise up to Rs 880 crore ($130.98 million), IFR said.
Sale at a price range of Rs 1,149 to Rs 1,178.5.
Citigroup is the sole bookrunner, according to the IFR report.