Infosys climbs 3% after co says board will consider share buyback on Jan 11

Shares of IT major Infosys rose as much as 2.8 per cent at Rs 688.70 a piece on BSE in the early trade as the company announced that its board will consider a buyback programme.

Shares of IT major Infosys rose as much as 2.8 per cent at Rs 688.70 a piece on BSE in the early trade Wednesday after the company announced 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 proposals including buyback of shares, payment of special dividend, for implementation of the capital allocation policy at its meeting to be held on January 11, 2019," the company said in a BSE filing on Tuesday.

According to the capital allocation policy approved by the