Business Companies 17 Aug 2017 Infosys gains 4 per ...

Infosys gains 4 per cent on share buyback proposal

PTI
Published Aug 17, 2017, 1:42 pm IST
Updated Aug 17, 2017, 1:42 pm IST
Infosys in April had said that it will pay up to Rs 13,000 cr to shareholders during current financial year.
In terms of equity volume, 2.54 lakh shares of the company were traded on BSE.
 In terms of equity volume, 2.54 lakh shares of the company were traded on BSE.

New Delhi: The scrip of Infosys rose by 4 per cent today after the company said that the board of directors will consider a proposal for buyback of equity shares at its meeting to be held on Saturday.

The stock jumped 3.91 per cent to Rs 1,015 on BSE. On NSE, it went up by 4 per cent to Rs 1,014.80. In terms of equity volume, 2.54 lakh shares of the company were traded on BSE and over 77 lakh shares changed hands at NSE during the morning trade.

 

Infosys informed BSE that the board of directors of the company will consider a proposal for buyback of equity shares at its meeting to be held on August 19, 2017.

Infosys, in April, had said that it will pay up to Rs 13,000 crore to shareholders during the current financial year through dividend and/or share buyback.

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Location: India, Delhi, New Delhi




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