At meeting held on 10 October 2014
Infosys announced that the Board of Directors of the Company at its meeting held on 10 October 2014, inter alia, has considered and approved and recommended a bonus issue of one equity share for every equity share held, and a bonus issue, viz., a stock dividend of one American Depositary Share (ADS) for every ADS held, respectively, as on a record date to be determined.Consequently, the ratio of equity shares underlying the ADSs held by an American Depositary Receipt holder would remain unchanged.
The Board approved and recommended the issuance in order to increase the liquidity of its shares and to expand the retail shareholder base.
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