 "Infosys will return up to $2 bn to shareholders; appoints co-chairman")
Infosys, India's second-biggest software services exporter, said on Thursday it would return up to $2 billion to shareholders, yielding to pressure for a share buyback from a group of founders and former executives.
It also announced the appointment of Ravi Venkatesan, an independent director, as co-chairman of the board - part of efforts to address the founders' corporate governance concerns.
Some founders and former executives of the Bengaluru-based company have publicly accused its board of governance lapses and urged it to follow the lead of rival Tata Consultancy Services that announced a $2.4 billion share buyback in February.
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