INFOSYS LTD. - Outcome of Board Meeting (Bonus Issue)

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13 Jul 2018
Infosys Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 13, 2018, has considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held, 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 issue of bonus shares to celebrate the 25th year of the Companys public listing in India and to further increase the liquidity of its shares. The bonus issue of equity shares and ADSs will be subject to approval by the<BR>shareholders, and any other applicable statutory and regulatory approvals.<BR><BR>The Bonus shares once allotted shall rank pari-passu in all respects and carry the same rights as the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared after the<BR>new equity shares are allotted.
View all announcements for INFOSYS LTD.	Source: BSE India

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