Infosys shares up 1% ahead of board meet to consider buyback programme, payment of special dividend

  • The scrip ended 0.90 percent higher at Rs 675.85 on BSE. During the day, it jumped 2.97 percent to Rs 689.80

  • In terms of equity volume, 14.01 lakh shares of the company were traded on BSE

  • The Bengaluru-based IT major is slated to announce its third-quarter results on 11 January

New Delhi: Shares of Infosys ticked higher by almost 1 percent Wednesday ahead of its board meeting on 11 January to consider a buyback programme and payment of special dividend, among other proposals.

The scrip ended 0.90 percent higher at Rs 675.85 on BSE. During the day, it jumped 2.97 percent to Rs 689.80.

 Infosys shares up 1% ahead of board meet to consider buyback programme, payment of special dividend

Representational image. Reuters

At NSE, shares of the company went up by 0.82 percent to end at Rs 675.60.

In terms of equity volume, 14.01 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day.

"...the board of the company will consider proposal(s), including but not 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 11 January, 2019," Infosys said in a BSE filing Tuesday.

The Bengaluru-based IT major is also slated to announce its third-quarter results on 11 January.

 

 

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Updated Date: Jan 09, 2019 18:23:44 IST