Info-tech

Infosys grants 1.24 lakh restricted stock units to Sikka

PTI New Delhi | Updated on January 24, 2018 Published on June 23, 2015

Country’s second largest software services firm Infosys has granted 1.24 lakh restricted stock units (RSUs) to its chief executive Vishal Sikka.

“Based on the recommendation of the Nomination and Remuneration Committee of the Board, the Board in its meeting held on June 22, 2015 granted 1,24,061 RSUs to Dr Vishal Sikka,” Infosys said in a filing to the BSE.

The grant price of the RSU is Rs 5 per unit and is subject to terms, definitions, and provisions of the 2011 RSU Plan, it added.

The Board has also approved the proposal to buy the healthcare business from Infosys Public Services, Inc.

The Bengaluru-based firm has also released its annual sustainability report.

It said at the end of fiscal 2015, Infosys reduced its per capita consumption of electricity by 46 per cent and 30 per cent of its energy requirements are met through renewable sources.

“Furthermore, the company has lined up an investment outlay of $65 million to explore carbon-offset projects in an attempt to meet this commitment by 2018,” it added.

During fiscal 2015, 74.98 million units of green power was used, which contributed to about 29.11 per cent of the overall electricity requirements of the Infosys campuses in India.

Infosys said it plans to meet 40 per cent of its electricity requirements from renewable energy sources.

“Infosys is also taking steps to reduce the water consumption and the company aims to reduce per capita freshwater consumption by 5 per cent over fiscal 2015 levels by 2015-2016,” it said.

Published on June 23, 2015

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