Infosys to consider share buyback proposal
Wed Aug 16 2017
Rajesh Sharma (2003 articles)

Infosys to consider share buyback proposal

 India’s Infosys Ltd (INFY.NS) (INFY.N) said on Wednesday its board will consider a proposal, to buy back equity shares, at its meeting later this month.

The country’s No. 2 software services exporter said in April, it would return up to 130 billion rupees ($ 2.03 billion) to shareholders in the fiscal year ending March 2018, adding the manner of the payout will be decided by later by the board.

The company, which did not provide any details on the buyback, said the outcome of the board meeting will be announced after the meeting on Aug. 19. (bit.ly/2fLYbs6)

Rajesh Sharma

Rajesh Sharma

Rajesh Sharma is Correspondent for Stock Market of South East Asia based in Mumbai. He has been covering Asian markets for more than 5 years.

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