INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of Infosys jumped nearly 3 per cent on Wednesday a day after IT bellwether said it would consider issuing share buyback
and paying out a special dividend at its board meeting on January 11.
Media reports in December had said Infosys may go in for a share
buyback of up to $1.6 billion at its January board meet
The $11-billion outsourcing firm had completed its maiden buyback of 11.3 crore equity shares in December 2017 of Rs 5 face value for Rs
13,000 crore at Rs 1,150 per share, IANS reported
The company will also announce its October-December quarter earnings on Friday
Brokerages are not expecting any upbeat show from Infosys, highlighting concerns over an appreciating rupee and company's focus on growth
against profitability.
Shares of company traded 2.02 per cent up at Rs 683.35 on BSE around 9.40 am
The BSE Sensex was 0.63 per cent up at 36,209 around that time
