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Is Infosys' Rs 13,000 crore bonanza for shareholders enough?

The amount allocated, experts say, could have been higher in light of TCS' 16,000-cr buyback

Puneet Wadhwa  |  New Delhi 

Infosys, while announcing its Q4FY17 results, made changes to its capital allocation policy. Starting FY18, it will use 70% of its free cash flows for paying dividends or buying back shares. That apart, the Board has decided to pay Rs 13,000 crore to shareholders by way of dividend or buyback during FY18, subject to necessary approvals. Market, analysts say, had been expecting a significant buyback and capital allocation strategy, and any announcement related to these would be important from stock price perspective. While most agree that the move is a step in the right direction, ...

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First Published: Fri, April 14 2017. 00:56 IST
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