Infosys allots 27 cr bonus shares | india | Hindustan Times
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Infosys allots 27 cr bonus shares

Infosys Technologies Ltd has allotted over 27 crore bonus shares to the shareholders in the ratio of 1:1.

india Updated: Jul 15, 2006 13:04 IST

Infosys Technologies Ltd has allotted over 27 crore bonus shares to the shareholders in the ratio of 1:1.

The Board allotted over 27.68 crore shares of Rs 5 each amounting to about Rs 138 crore as bonus shares in the ratio of one share for every equity share held, the IT major informed the Bombay Stock Exchange.

The shares were allotted to those shareholders whose name appear on the Register of Members / Register of Beneficiaries as on July 14, it added.

At the AGM held last month the company had received shareholders nod for the 1:1 bonus issue.