Infosys gets nod for 1:1 bonus issue | Latest News India - Hindustan Times
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Infosys gets nod for 1:1 bonus issue

None | ByPress Trust of India, Mumbai
Jun 12, 2006 02:54 PM IST

Infosys Technologies Ltd has received shareholders' approval for issuing bonus shares in the ratio of 1:1.

IT major Infosys Technologies Ltd has received shareholders' approval for issuing bonus shares in the ratio of 1:1.

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Following the proposal by the board of directors for issuing bonus shares in 1:1 ratio, the AGM held recently gave approval for the same, where one bonus share would be issued for every share held, Infosys informed the Bombay Stock Exchange.

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The bonus issue comes after a gap of two years. The company had previously issued bonus shares in 3:1 ratio in 2004.

The leading software services provider had posted a consolidated net profit of Rs 673 crore for the fourth quarter, up 20.60 per cent compared to Rs 558 crore a year ago, reflecting an increasing growth in orders from customers.

The board had recommended a Silver Jubilee special dividend of Rs 30 per share on Rs 5 per share (600 per cent) in April and proposed a final dividend of Rs 8.50 per share of Rs 5 (170 per cent) as well.

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