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

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No buyback, salary hike to be considered in Oct: Infy Mgmt
Infosys: Quotes, News
BSE 1642.50BSE Quote11.6 (-0.71%)
NSE 1642.70NSE Quote12.5 (-0.76%)
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.

GoodReturns.in

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