Board approved Bonus Issue

| Updated on October 10, 2014 Published on October 10, 2014

Infosys Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 10, 2014, inter alia, has considered and approved and recommended a bonus issue of one equity share for every equity share held, and a bonus issue, viz., a stock dividend of one American Depositary Share (ADS) for every ADS held, respectively, as on a record date to be determined. Consequently, the ratio of equity shares underlying the ADSs held by an American Depositary Receipt holder would remain unchanged.

The Board approved and recommended the issuance in order to increase the liquidity of its shares and to expand the retail shareholder base.

The bonus issue of equity shares and ADSs will be subject to approval by the shareholders, through a postal ballot, and any other applicable statutory and regulatory approvals. Accordingly, the record date for the bonus issues of equity shares and ADSs will be announced in due course.

Source : BSE - >www.bseindia.com

Published on October 10, 2014
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