Infosys gives bonus shares to mark 25 years of listing

Infosys gives bonus shares to mark 25 years of listing
The company has also decided to give a stock dividend of one American Depository Share (ADS) for every ADS held to mark the occasion. Image source: Reuters
By IANS
Updated: Sat, Jul 14, 2018
11:16 am
Bengaluru, IANS
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Global software major Infosys on Friday announced 1:1 bonus share to mark 25 years of its public listing in India and increase the liquidity of its equity shares.

"The Board has recommended the issue of 1 bonus share for every equity share held to celebrate the 25th year of the company`s public listing in India and further increase liquidity of its shares," said the city-based IT major in a regulatory filing on the BSE after trading hours.

The company has also decided to give a stock dividend of one American Depository Share (ADS) for every ADS held to mark the occasion.

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The company`s blue-chip scrip of Rs 5 face value gained Rs 14.50 at the end of Friday`s trading on the BSE to close at Rs 1,309.10 per share as against Thursday`s closing rate of Rs 1,294.50 and opening price of Rs 1,310. 

The script also touched a high of Rs 1,331.15 and a low of Rs 1,300.15 during the intra-day trading sessions.