Infosys to consider share buyback, special dividend

InfosysNSE -0.25 % will consider issuing buyback and paying out special dividend in its board meeting on January 11, the IT behemoth said on Tuesday. Media reports in December has said that Infosys may go for a share buyback of up to $1.6 billion at its January board meet.

The company will also announce its October-December quarter earnings on Friday.

The outlook on company’s BFSI, retail and performance of digital vertical are also among the key things to be watched for as after poor growth in BFSI in the first quarter, the vertical took off in the second quarter and the manag ement indicated greenshoots in the segment.

Brokerages are not expecting any upbeat show from Infosys, highlighting concerns over appreciating rupee and the company’s focus on growth against profitability.

The $11-billion outsourcing firm had completed its maiden buyback of 11.3-crore equity shares in December 2017 of Rs 5 face value for Rs 13,000 crore at Rs 1,150 per share, IANS reported.

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