Infosys to consider share buyback plan on April 14

3 weeks ago 14
Infosys

The company's committee volition beryllium gathering connected April 13 to denote audited consolidated fiscal results of Infosys and subsidiaries for the 4th and twelvemonth ending March 31. A last dividend for the fiscal twelvemonth FY21 volition besides beryllium considered and recommended.

IT large Infosys has said its committee of directors volition see a connection for buyback of afloat paid-up equity shares of the institution connected April 14.
 
The company's committee volition beryllium gathering connected April 13 to denote audited consolidated fiscal results of Infosys and subsidiaries for the 4th and twelvemonth ending March 31. A last dividend for the fiscal twelvemonth FY21 volition besides beryllium considered and recommended.
 
Infosys has already conducted 2 buyback programmes successful the past. A Rs 13,000 crore buyback program was carried successful 2017 astatine a level terms of Rs 1,150 per stock followed by an Rs 8,260 crore buyback programme successful 2019 astatine a level terms of Rs 800 per share.
 
On Monday`s trading session, Infosys deed a caller 52-week precocious of Rs 1,480 per portion connected Sensex during aboriginal deals. However, tracking wide bearish marketplace trends, Infosys shares pulled backmost and were down 1.2 percent to Rs 1,423.40 per portion astatine 12:55 pm.

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