Approvals for buyback of 13 thousand crore shares: Infosys - AskBihar24X7 - Bihar & Jharkhand News

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Sunday, August 20, 2017

Approvals for buyback of 13 thousand crore shares: Infosys

The board of Infosys approved a buyback of shares of up to Rs 13,000 crore, and asked to buy 11.3 million shares at the rate of 1,150 rupees per share, as the share price was 25 per cent more than its closed Friday, so the board of directors reviewed the repurchase process. To keep the seven members committee has been constituted.

                                                 

In this committee, co-chairman Ravi Venkatesan, Executive Vice President Vishal Sikka and Interim Chief Executive Officer CEO and Managing Director UB Praveen Rao are also included. The Board of Directors of Infosys, a technology IT company, approved the repurchase of shares of up to Rs 13,000 crore today. The company told the stock exchanges that a price of Rs 1,150 per share has been fixed for the repurchase.

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