Infosys board meeting to consider share buyback, special dividend

Infosys will consider issuing share buyback and paying out special dividend in its board meeting on January 11, said the company on Tuesday.

India's second largest IT services firm Infosys Tuesday said its board will consider a buyback programme and payment of special dividend, among other proposals, at its meeting on January 11.

"...the board of the company will consider proposal(s), including but not limited to, buyback of fully paid-up equity shares of the company, payment of special dividend, for implementation of the capital allocation policy at its meeting to be held on January 11, 2019," Infosys said in a BSE filing.

The outcome of the board meeting will be disseminated to the stock exchanges after conclusion of the board meeting on January 11, 2019,