Infosys to reward staff with shares to mark 30th year
Infosys Technologies will reward its employees with equity shares to mark the 30th year of its operations beginning July 2, the IT bellwether said on Wednesday.business Updated: Jun 30, 2010 19:14 IST
Infosys Technologies will reward its employees with equity shares to mark the 30th year of its operations beginning July 2, the IT bellwether said on Wednesday.
"All employees on the rolls will be eligible for a minimum of five equity shares with an incremental allocation of one share for each year of service," the company said in a statement in Bangalore.
The employee welfare trust will distribute its corpus in the form of equity shares to the beneficiaries.
"On the occasion of the company completing 29 years and entering the 30th year, we have decided to reward all employees in recognition of their contribution towards success," the statement noted.
The shares will be allotted in the second week of August.
Infosys and its subsidiaries had 113,796 employees on its rolls as on April 1, 2010.
The company went public for the first time in February 1993 and for a listing on the Nasdaq in the US in March 1999 in the form of American Depository Receipts (ADRs).