Infosys 1:1 bonus issue: India’s second-largest IT company approved bonus issue of equity shares to celebrate 25 years of stock market listing. Infosys announcing the financial results for the quarter ended 30 June 2018. “The board considered, approved and recommended bonus issue of one equity share for every equity share held,” Infosys said in an exchange filing. Infosys’ 1:1 bonus issue will “further increase the liquidity of its shares”. Earlier last month, at Infosys AGM. IT behemoth announced special dividend of Rs.10 per equity share which was paid to shareholders on 26th June.2018.
This time Infosys has recommended dividend on 1 ADS for every ADS held, as on record date which is yet to be determined. “The bonus issue of equity shares and ADSs will be subject to approval by shareholders. Any other applicable statutory and regulatory approvals,” Infosys said in a statement.
Infosys reported increase of 3.5% YoY in net profit to Rs 3,612 crore for April-June period of fiscal year 2018-2019. The total revenue saw a growth of 12% YoY to Rs 19,128 crore.
Infosys share price today saw a rise of 2.84% to Rs 1,331.35 intraday from a share price level of Rs 1294.60 on BSE. Infosys shares closed 1.12% higher at Rs 1,309.1. At the end of today’s closing, Infosys commands a stock market value of Rs 2,85,924.08 crore on Indian stock exchange.
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