New Delhi: The founder of Infosys Narayana Murthy has said that around 20 years ago he had offered shares worth Rs 8 crore to IIT Kanpur as a donation. However Murthy was unable to complete the donation since it was not clear whether shares or equity stakes could be donated as per the government’s rules. The Infosys founder disclosed that the value of those bonus shares offered to IIT Kanpur has since surged 256 times. This means the current worth of those shares would be around Rs 2000 crore. While speaking to Moneycontrol Murthy stated that if IIT Kanpur had accepted the shares back then their value today would have exceeded Rs 2000 crore. Bengaluru institute turns rich The Indian Institute of Science (IISc) in Bengaluru was offered shares worth crores by Infosys founder Narayana Murthy. Today the price of the share has spiked 768 times. Murthy revealed that the equity being offered to IIT Kanpur alone would have generated Rs 500 crore in dividends over just eight years. However under Indian law educational institutions cannot be given equity or shares as donations. IIM Ahmedabad Launches Scholarship Program The Indian Institute of Management (IIM) Ahmedabad has launched a scholarship program for the next 20 years. Under this initiative MBA toppers will be awarded equity-based fixed income benefits. The scholarship will be merit-based and will cover tuition fees hostel charges mess expenses books and other related costs. Thousands of crores could have been donated by now Not only IIT Kanpur Narayan Murthy has also tried to donate to several other educational institutions through equity stakes. Had all of them accepted the value of those shares today would have reached around Rs 15000 to Rs 16000 crore. Just ICAC alone earns Rs 110 to Rs 120 crore in annual dividends from its shareholding.