Infosys to consider buyback\, special dividend at board meeting

Infosys to consider buyback, special dividend at board meeting

Last April, Infosys had announced that it had identified over Rs 10,000 crore that would be paid out to shareholders in FY19.Jochelle Mendonca  |  ETtech  |  January 08, 2019, 18:03 IST
Infosys to consider buyback, special dividend at board meeting Infosys said it would consider a share buyback and a special dividend at its board meeting this week, as the company looks at ways to implement its enhanced capital allocation plan.

Last April, Infosys had announced that it had identified over Rs 10,000 crore that would be paid out to shareholders in FY19.

“The Board of the Company will consider proposal(s), including but not to limited to, buyback of fully paid-up equity shares of the Company, payment of special dividend, for implementation of the Capital Allocation Policy at its meeting to be held on January 11, 2019,” Infosys said ina statement to the Bombay Stock Exchange.