No buyback of shares, salary hike to be considered in October: Infosys management

Posted By:

No buyback, salary hike to be considered in Oct: Infy Mgmt
Infosys: Quotes, News
BSE 1006.15BSE Quote8.7 (0.86%)
NSE 1003.50NSE Quote10.7 (1.07%)
The Infosys management squashed rumours of a proposed buyback of shares, saying that it was never under consideration. Infosys Technologies is one company that has increased its capital giving bonus shares and it might not want to reduce its capital by now engaging in a buyback programme.

The company is sitting on a huge cash pile of more than Rs 20,000 crores, which prompted analysts to peculate on the prospects of a buyback, since the cash has not been utilised for takeovers as well.

Meanwhile, the management today told a television news channel that salary hikes would be re-visited only in the month of October 2012.

Read more about: infosys technologies
Story first published: Thursday, July 12, 2012, 12:16 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?