Infosys gains over 1% as former board members and CFOs push for buyback of shares

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Infosys gains over 1% as former board members and CFOs push for buyback of share
Shares of Infosys rose over 1 per cent in early trade on Bombay Stock Exchange (BSE) on reports that the company's former Board members and CFOs recommended an immediate buyback of shares worth Rs 11,200 crore (approx $2 billion) to restore investors' confidence in the company's stock.

The shares of company rose as much as 1.30 per cent to trade at Rs 3549.90 a piece on the BSE.

In a similar fashion, shares of the company rose 1.03 per cent to Rs 3549.30 a piece on National Stock Exchange.

Meanwhile, the broader benchmark Sensex was quoting at 25,865.38, down 42.94 points or 0.17 per cent at 11.06 hours.

Read more about: infosys
Story first published: Wednesday, August 6, 2014, 12:30 [IST]
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