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Infosys allots 114.84 crore bonus shares

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Press Trust of India New Delhi
Last Updated : Jun 18 2015 | 6:22 PM IST
IT major Infosys today said it has allotted 114.84 crore bonus shares amounting Rs 574.23 crore in the ratio of 1:1.
"...The Board of Directors allotted 114,84,72,332 equity shares each aggregating Rs 574,23,61,660...As fully paid-up bonus shares in the ratio of 1 equity share for every 1 equity share held" Infosys said in a filing to BSE.
The shares were alloted to those shareholders whose name appear on the register of members/register of beneficiaries as on June 16, 2015, it added.
Bonus shares are free shares given to the existing shareholders of a company.
The company had announced 1:1 equity bonus in April, following which shareholders now have twice the number of shares they had earlier, but the price of each scrip halved with the decision taking effect.

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First Published: Jun 18 2015 | 6:22 PM IST

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