Business

Infosys share buyback: The company's board approved buyback optionInformation technology giant Infosys' Board on Wednesday approved a Rs 9,200 crore buyback at Rs 1,750 per equity share through the open market route.

(Also Read: Infosys Profit Rises 17% To Rs 5,076 Crore In Q4, Suggests Share Buyback Proposal)In a stock exchange filing, the company said that its board has approved a proposal for the company to buy back its own fully paid-up equity shares of face value of Rs 5 each from the equity shareholders being 14.87% and 13.53% of its total paid-up capital and free reserves as of March 31, 2021, aggregating up to Rs 9,200 crore which is less than 15% of the aggregate of the total paid-up share capital and free reserves of the company.Earlier the company posted a 17.5% jump in quarterly net profit.

Its consolidated net profit climbed to Rs 5,076 crore in the three months to March 31, from Rs 4,321 crore a year earlier. 





Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021


Buy Our Merchandise (Peace Series)

 


Contribute US to Start Broadcasting



It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.


STRIPE





20